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Eurozone Industrial Production down by 1.1%

Wednesday, Sep 14 2016

In July 2016 compared with June 2016, seasonally adjusted industrial production fell by 1.1% in the euro area (EA19) and by 1.0% in the EU28, according to estimates from Eurostat, the statistical office of the European Union.  In June 2016 industrial production rose by 0.8% in the euro area and by 0.7% in the EU28. In July 2016 compared with July 2015, industrial production decreased by 0.5% in the euro area and by 0.1% in the EU28.

The decrease of 1.1% in industrial production in the euro area in July 2016, compared with June 2016, is due to production of capital goods falling by 1.7%, energy by 1.4%, durable consumer goods by 0.7% and intermediate goods by 0.5%, while production of non-durable consumer goods remained unchanged. In the EU28, the decrease of 1.0% is due to production of capital goods falling by 2.1%, durable consumer goods by 0.6%, intermediate goods by 0.4% and energy by 0.2%, while production of non-durable consumer goods rose by 0.2%.

 

Euro is currently being traded around 1.1230 area. Pair is likely to find support around 1.12 and resistance above 1.1260 level.

More in this category: « Number of unemployed in the UK rose by 2,400 US Import Prices fell by 0.2% »

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