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French Industrial Production fell by 0.8%

Wednesday, Dec 10 2014

According to the latest INSEE report French Industrial Production fell be 0.8% in November, missing heavily expectations on 0.2% increase.  During the last three months output rose in the manufacturing sector (+0.5%), as well as in industry as a whole by 0.3%.

 

Output increased in other manufacturing and more significantly in the manufacture of coke and refined petroleum products. Furthermore, output went up in the manufacture of electrical and electronic equipment; machine equipment. On the other hand,  output went down slightly in the manufacture of food products and beverages and in mining, quarrying, energy and water supply. It remained steady in the manufacture of transport equipment.

 

Euro was pushed slightly lower after figures were released, but essentially remained unchanged, currently being traded around 1.2390 area. Since there will be no major data releases later today we can expect that pair will found support around 1.2360 level and resistance above 1.2450 area.

More in this category: « China CPI increased by 1.4% in November, less than expected UK Trade Balance deficit decreased to £9.6 billion »

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