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Industrial Production fell both in France and Italy

Wednesday, Jun 10 2015
In April 2015, French output fell back in the manufacturing industry (–1.0%, after +0.5% in March) as well as in the industry as a whole (–0.9% after 0.0%). Analysts were predicting 0.4% incline. Over the last three months, output rose in the manufacturing sector (+0.8% q-o-q) as well as in the industry as a whole (+0.9% q-o-q). 
 
Output improved in almost every sectors: in the manufacture of transport equipment (+3.7%), in mining, quarrying, energy and water supply (+1.4%), in other manufacturing (+0.4%), in the manufacture of coke and refined petroleum products (+6.9%) and in the manufacture of food products and beverages (+0.6%).
 
In April 2015 the seasonally adjusted industrial production index in Italy decreased by 0.3% compared with the previous month, also missing forecasts on 0.3% rise. The percentage change of the average of the last three months with respect to the previous three months was +0.5%.
 
Despite the figures, euro remains higher currently being traded around 1.1320 level. Pair is likely to find support around 1.1250 area and resistance near 1.1360 level. There will be no major data releases in the rest of the session.
More in this category: « UK Industrial Production up more than expected USD broadly lower against its major rivals »

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