French Industrial Production up more than expected

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Tuesday, Feb 10 2015

In December 2014, French manufacturing output bounced back (+1.2%, after –0.5% in November), as in industrial production as a whole (+1.5% after –0.2% in November). Analysts were expecting smaller incline by 0.3% in industrial production. This rebound affected all branches.

Over the last quarter of 2014 , output remained almost stable in the manufacturing sector (+0.1% q-o-q), while it shrank slightly in industry as a whole (–0.4%). Output declined markedly in mining, quarrying, energy and water supply (–2.9%), in the manufacture of transport equipment (–2.5%) and more moderately in the manufacture of food products and beverages (–0.5%).

Despite the figures, euro was pushed lower at the European part of the session opening and is currently being traded around 1.13 area. Pair is likely to find support around 1.1270 and resistance above 1.1350 level. Later today, in the US session, JOLTS Job Openings figures are scheduled for a release.

More in this category: « China's PPI fell for the 34th month in a row UK Industrial Production increased by 0.1% »

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