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German Industrial Production decreased by 1.3%

Thursday, Jul 07 2016
In May 2016, production in industry was down by 1.3% from the previous month on a price, seasonally and working day adjusted basis according to provisional data of the Federal Statistical Office (Destatis). In April 2016, the corrected figure shows an increase of 0.5% (primary +0.8%) from March 2016. 
In May 2016, production in industry excluding energy and construction was down by 1.8%. Within industry, the production of capital goods decreased by 3.9% and the production of intermediate goods by 0.3%. The production of consumer goods increased by 0.5%. Energy production was up by 3.9% in May 2016 and the production in construction decreased by 0.9%. 
 
Euro is currently being traded few points below 1.1050 level. Pair is likely to find support around 1.10 handle and resistance above 1.1150 level.
 
More in this category: « Aussie lower in an overnight session UK Industrial Production fell less than expected »

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