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German Industral Production rose by 3.3%

Tuesday, Mar 08 2016
In January 2016, production in industry was up 3.3% from the previous month on a price, seasonally and working day adjusted basis according to provisional data of the Federal Statistical Office (Destatis). In December 2016, the corrected figure shows a decrease of 0.3% (primary –1.2%) from November 2015.
In January 2016, production in industry excluding energy and construction was up by 3.2%. Within industry, the production of capital goods increased by 5.3% and the production of consumer goods by 3.7%. The production of intermediate goods showed an increase of 0.4%. Energy production was up by 0.1% in January 2016 and the production in construction increased by 7.0%.
 
Euro is currently being traded few points above 1.10 level. Pair is likely to find support around 1.0950 handle and resistance above 1.1050 level. There will be no major data releases later today.
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