In July 2016,production in industry was down by 1.5% from the previous month on a price, seasonally and working day adjusted basis according to provisional data of the Federal Statistical Office (Destatis). In June 2016, the corrected figure shows an increase of 1.1% (primary +0.8%) from May 2016.
In July 2016, production in industry excluding energy and construction was down by 2.3%. Within industry, the production of capital goods decreased by 3.6% and the production of consumer goods by 2.6%.The production of intermediate goods decreased by 0.8%. Energy production was up by 2.6% in July 2016 and the production in construction increased by 1.8%.
Euro is currently being traded around 1.1240 level. Pair is likely to find support around 1.12 handle and resistance above 1.1280 area.
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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