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Eurozone Industrial Production up by 0.1%

Friday, Dec 12 2014

In October 2014 compared with September 2014, seasonally adjusted industrial production rose by 0.1% in euro area, missing market expectations on 0.2% increase. This followed 0.5% increase in September. In October 2014 compared with October 20134, industrial production increased by 0.7%

 

The increase of 0.1% in industrial production in the euro area in October 2014, compared with September 2014, is due to production of non-durable consumer goods rising by 1.8%, durable consumer goods by 0.9% and intermediate goods by 0.3%, while capital goods fell by 0.2% and energy by 1.9%.  

 

After the data euro and is currently being traded around 1.2420 level. Pair is likely to find resistance above 1.2450 level and support around 1.2360 area. Later today, in the US session, PPI and Consumer Sentiment figures are scheduled for a release.

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