Eurozone Industrial Production increased more than expected

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Tuesday, Apr 14 2015

In February 2015 compared with January 2015, seasonally adjusted industrial production rose by 1.1% in the euro area. Analysts were anticipating 0.3% increase. In February 2015 compared with February 20144, industrial production increased by 1.6% in the euro area.

The increase of 1.1% in industrial production in the euro area in February 2015, compared with January 2015, is due to production of non-durable consumer goods rising by 1.6%, energy by 1.1%, both capital goods and durable consumer goods by 1.0% and intermediate goods by 0.3%.

After the data, euro added few points and is currently being traded around 1.0560 level. Pair is likely to find support around 1.0520 and resistance above 1.0630 area. Later today, in the US session, Retail Sales and PPI figures are scheduled for a release.

More in this category: « UK CPI unchanged, PPI Input up Disappointing US data pushed USD lower »

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