From Eurozone, yesterday, German Industrial Production and Sentix Investor Confidence figures were released. In August 2017, production in industry was up by 2.6% from the previous month on a price, seasonally and working day adjusted basis according to provisional data of the Federal Statistical Office (Destatis). In July 2017, the corrected figure shows a decrease of 0.1% (primary 0.0%) from June 2017.
The economic momentum continues. The overall index for Euroland improves by 1.5 points and reaches a new 10-year high with 29.7 points. Current situation and expectations are improving to a similar extent. The first economic test after the Bundestag elections can be considered successful.
There will be no major data releases both from Eurozone and USA tomorrow, so we can expect another steadier session.
Last modified on Tuesday, 10 October 2017
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