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German Industrial Production decreased by 1.2%

Tuesday, Feb 09 2016

In December 2015, production in industry in Germany was down 1.2% from the previous month on a price, seasonally and working day adjusted basis, thus missing forecasts on 0.2% increase. In November 2015, the corrected figure shows a decreased of 0.1% (primary –0.3%) from October 2015. In December 2015, production in industry excluding energy and construction was down by 1.1%. Within industry, the production of capital goods decreased by 2.6% and the production of consumer goods by 1.4%. The production of intermediate goods showed an increased 0.8% .Energy production fell by 3.0% in December 2015 and the production in construction decreased by 0.2%. 

Separate report showed that Germany exported goods to the value of 1,195.8 billion euros and imported goods to the value of 948.0 billion euros in 2015. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports increased by 6.4% and imports by 4.2% in 2015 compared with 2014. In 2015, export and import levels were higher than the previous all-time highs recorded in 2014. That year, Germany exported goods to the value of 1,123.7 billion euros and imported goods to the value of 910.1 billion euros.

Euro is currently being traded few points above 1.1269 level. Pair is likely to find support around 1.12 handle and resistance above 1.13 level. There will be no major data releases in the rest of the session.

More in this category: « NAB Business Confidence unchanged at +2 points in January. UK Trade Balance deficit narrowed to £9.9 billion »

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