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German Industrial Production fell by 1.8%

Tuesday, Nov 08 2016
German Industrial Production fell by 1.8%

In September 2016, production in industry was down by 1.8% from the previous month on a price, seasonally and working day adjusted basis according to provisional data of the Federal Statistical Office (Destatis). In August 2016, the corrected figure shows an increase of 3.0% (primary +2.5%) from July 2016.

In September 2016, production in industry excluding energy and construction was down by 1.7%. Within industry, the production of capital goods decreased by 2.4% and the production of consumer goods by 1.9%.The production of intermediate goods showed a decrease by 0.5%. Energy production was down by 3.1% in September 2016 and the production in construction decreased by 1.5%.

 

Euro is currently being traded around 1.1030 level. Pair is likely to find support around 1.10 area and resistance above 1.11 area.

More in this category: « China's Trade Balance surplus expands in October UK Industrial Production down 0.4% »

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