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Eurozone Industrial Production rose by 0.6%

Monday, Dec 14 2015
In October 2015 compared with September 2015, seasonally adjusted industrial production rose by 0.6% in the euro area (EA19) and by 0.5% in the EU28, according to estimates from Eurostat. In September 2015 industrial production fell by 0.3% in the euro area and remained stable in the EU28.  In October 2015 compared with October 2014, industrial production increased by 1.9% in the euro area and by 2.4% in the EU28.
 
The increase of 0.6% in industrial production in the euro area in October 2015, compared with September 2015, is due to production of durable consumer goods rising by 1.8%, capital goods by 1.4%, energy by 0.6% and nondurable consumer goods by 0.4%, while production of intermediate goods fell by 0.1%. In the EU28, the increase of 0.5% is due to production of durable consumer goods rising by 1.2%, capital goods by 1.0%, energy by 0.8%, non-durable consumer goods by 0.2% and intermediate goods by 0.1%.  
 
The increase of 1.9% in industrial production in the euro area in October 2015, compared with October 2014, is due to production of durable consumer goods rising by 4.2%, capital goods by 3.5%, intermediate goods by 1.5%, non-durable consumer goods by 0.7% and energy by 0.2%.  
 
Euro is currently being traded around 1.0950 area. Pair is likely to find support around 1.090 handle and resistance above 1.10 level. There will be no major data releases later today.
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