Eurozone Industrial Production rose by 1.1%
In April 2016 compared with March 2016, seasonally adjusted industrial production rose by 1.1% in the euro area (EA19) and by 1.3% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In March 2016 industrial production fell by 0.7% in the euro area and by 0.5% in the EU28.
In April 2016 compared with April 2015, industrial production increased by 2.0% in the euro area and by 2.5% in the EU28. The increase of 1.1% in industrial production in the euro area in April 2016, compared with March 2016, is due to production of durable consumer goods rising by 2.3%, capital goods by 1.9%, non-durable consumer goods by 1.6%, intermediate goods by 0.4% and energy by 0.3%.
Euro is currently being traded few points below 1.1250 level. Pair is likely to find support around 1.12 handle and resistance above 1.13 level. Later today, in the US session, Retail Sales figures are scheduled for a release.
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