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French CPI fell by 0.1%

Thursday, Dec 10 2015
Euro fell below 1.10 handle this morning, with French CPI and Industrial Production figures being released. In November 2015, the Consumer Price Index (CPI) fell back, decreasing by 0.2% after a rise by 0.1% in October. Seasonally adjusted, it was down 0.1% over the month. Year-on-year, consumer prices remained unchanged, after a slight growth in October (+0.1%).
 
Decreases, partially seasonal, in prices of transport services and fresh foodstuffs, as well as a further drop in energy prices were the main contributors to the decline in CPI in November. Prices of manufactured products also diminished slightly in November. 
 
In October 2015, output decreased in the manufacturing industry (–0.5% after –0.1% in September). It increased in the industry as a whole (+0.5% after 0.0% in September). Analysts were forecasting 0.1% decrease. Over the last three months, output rose in the manufacturing sector (+1.1% q-o-q), and even more in the overall industry (+1.4%), due to sustained growth in mining, quarrying, energy and water supply (+2.7%).
 
Euro is currently being traded around 1.0980 area. Pair is likely to find support around 1.0930 handle and resistance above 1.1050 level. Later today, in the US session, Unemployment Claims figures are scheduled for a release. 
More in this category: « Australia recorded biggest monthly job gains in almost 28 years UK Trade Balance deficit widen to £11.8 billion »

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