In October 2016 compared with September 2016, seasonally adjusted industrial production fell by 0.1% in the euro area (EA19) and by 0.3% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In September 2016 industrial production fell by 0.9% in the euro area and by 0.7% in the EU28. In October 2016 compared with October 2015, industrial production increased by 0.6% in the euro area and by 0.5% in the EU28.
The decrease of 0.1% in industrial production in the euro area in October 2016, compared with September 2016, is due to production of non-durable consumer goods falling by 1.5% and intermediate goods by 0.5%, while production of energy rose by 0.8%, capital goods by 1.0% and durable consumer goods by 1.5%.
Euro is currently being traded around 1.0640 level. Pair is likely to find support around 1.0550 handle and resistance above 1.07 area.
UK still likely to leave the EU with a negotiated agreement, says Number 10
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German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
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