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German Industrial Production increased less than expected

Monday, Dec 07 2015
In October 2015, production in industry was up 0.2% from the previous month on a price, seasonally and working day adjusted basis according to provisional data of the Federal Statistical Office (Destatis). Analysts were anticipating 0.8% increase. In September 2015, production in industry decreased by 1.1% on August 2015, thus confirming the provisional result published in the previous month.
 
In October 2015, production in industry excluding energy and construction was up 0.7%. Within industry, the production of capital goods increased 2.7%. The production of intermediate goods decreased 1.1% and the production consumer goods 0.1%. Energy production was down 5.9% on the previous month while production in construction was up 0.7%.
 
Euro is currently being traded around 1.0810 area. Pair is likely to find support around 1.0780 handle and resistance above 1.0850 level. There will be no major data releases in the rest of the session.
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