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Eurozone Industrial Production down by 0.8%

Monday, Nov 14 2016
Eurozone Industrial Production down by 0.8%

In September 2016 compared with August 2016, seasonally adjusted industrial production fell by 0.8% in the euro area (EA19) and by 0.7% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In August 2016 industrial production rose by 1.8% in the euro area and by 1.6% in the EU28. In September 2016 compared with September 2015, industrial production increased by 1.2% in both zones.

The decrease of 0.8% in industrial production in the euro area in September 2016, compared with August 2016, is due to production of durable consumer goods falling by 5.6%, capital goods by 2.2%, intermediate goods by 0.7% and energy by 0.2%, while production of non-durable consumer goods rose by 0.3%. In the EU28, the decrease of 0.7% is due to production of durable consumer goods falling by 3.7%, capital goods by 1.6%, energy by 0.6%, non-durable consumer goods by 0.4% and intermediate goods by 0.1%.

 

Euro is currently being traded around 1.0750 level. Pair is likely to find support around 1.07 handle and resistance above 1.08 area.

More in this category: « Sterling in decline at the beginning of the week RBA delivered nothing new »

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