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German Industrial Production rose less than expected

Wednesday, Dec 07 2016
German Industrial Production rose less than expected

In October 2016,production in industry was up by 0.3% from the previous month on a price, seasonally and working day adjusted basis according to provisional data of the Federal Statistical Office (Destatis). In September 2016, the corrected figure shows a decrease of 1.6% (primary –1.8%) from August 2016.

In October 2016, production in industry excluding energy and construction was up by 0.1%. Within industry, the production of capital goods increased by 0.5% and the production of consumer goods by 0.1%.The production of intermediate goods shows a decrease by 0.5%. Energy production was down by 0.5% in October 2016 and the production in construction increased by 1.7%.

 

Euro is currently being traded few points above 1.0720 level. Pair is likely to find support around 1.0650 handle and resistance above 1.0780 area.

More in this category: « Australian GDP fell by 0.5% in Q3 UK house prices 0.8% higher in three months to Novemeber »

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