German Industrial Production down by 1.3%

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Tuesday, May 10 2016

In March 2016, German production in industry was down by 1.3% from the previous month on a price, seasonally and working day adjusted basis. Smaller decrease by 0.6% was forecasted. In February 2016, the corrected figure shows a decreased of 0.7% (primary –0.5%) from January 2016. In March 2016, production in industry excluding energy and construction was down by 1.2%. Within industry, the production of capital goods decreased by 1.4%.

French output decreased sharply again in March in the manufacturing industry (-0.9% after -1.4% in February), and more moderately in the whole industry (-0.3% after -1.3%), missing forecasts on 0.6% incline. On the other hand, Italian industrial production index was unchanged compared with the previous month. Analysts were predicting 0.3% increase. The percentage change of the average of the last three months with respect to the previous three months was +0.7.

Euro is currently being traded few points below 1.1380 level. Pair is likely to find support around 1.1350 handle and resistance above 1.14 level. There will be no data releases later today.

More in this category: « China's CPI rose by 2.3% UK Goods Trade Balance surplus narrowed to £11.2 billion »

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