Industrial production increased 1.3% in November after edging up in October, beating market expectations on 0.8% growth. Output is now reported to have risen at a faster pace over the period from June through October than previously published. In November, manufacturing output increased 1.1% with widespread gains among industries.
At 106.7 percent of its 2007 average, total industrial production in November was 5.2% above its year-earlier level. Capacity utilization for the industrial sector increased 0.8 percentage point in November to 80.1 percent , a rate equal to its long-run (1972–2013) average.
After data was released, USD edged up few points. Euro is currently being traded slightly below 1.2430 level, Sterling is near 1.5650 area, while Aussie is around 0.8210 level.
UK still likely to leave the EU with a negotiated agreement, says Number 10
Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
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