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German Industrial Production rose by 2.5%

Friday, Oct 07 2016

In August 2016, production in industry was up by 2.5% from the previous month on a price, seasonally and working day adjusted basis according to provisional data of the Federal Statistical Office (Destatis). In July 2016, the corrected figure shows a decrease of 1.5% from June 2016, thus confirming the provisional result published in the previous month.

In August 2016, production in industry excluding energy and construction was up by 3.3%. Within industry, the production of capital goods increased by 4.7% and the production of consumer goods by 3.3%.The production of intermediate goods showed an increase by 1.6%. Energy production was up by 1.1% in August 2016 and the production in construction decreased by 1.2%.

 

Euro is currently being traded around 1.11 handle. Pair is likely to find support around 1.1050 area and resistance above 1.1150 level.

More in this category: « Pound crashes to a three-decade low UK Industrial Production down by 0.4% »

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