wrapper

Eurozone Industrial Production rose by 1.6%

Wednesday, Oct 12 2016
Eurozone Industrial Production rose by 1.6%

In August 2016 compared with July 2016, seasonally adjusted industrial production rose by 1.6% in the euro area (EA19) and by 1.4% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In July 2016 industrial production fell by 0.7% in both zones. In August 2016 compared with August 2015, industrial production increased by 1.8% in both zones.

The increase of 1.6% in industrial production in the euro area in August 2016, compared with August 2015, is due to production of durable consumer goods rising by 4.9%, capital goods by 2.6%, intermediate goods by 2.0% and energy by 1.5%, while production of non-durable consumer goods fell by 0.1%. In the EU28, the increase of 1.8% is due to production of durable consumer goods rising by 4.6%, capital goods by 3.3%, intermediate goods by 1.9%, energy by 0.2% and non-durable consumer goods by 0.1%.

 

Euro is currently being traded around 1.1030 area. Pair is likely to find support at 1.10 handle and resistance above 1.1080 level.

More in this category: « Westpac Consumer Sentiment up by 1.1% JOLTS Job Openings at 5.4 million »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.