Published On: Fri, Oct 12th, 2018

Eurozone August industrial production +1.0% vs +0.5% m/m expected

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Latest data from Eurostat – 12 October 2018

  • Prior -0.8%; revised to -0.7%
  • Industrial production WDA y/y +0.9% vs -0.2% expected
  • Prior -0.1%; revised to +0.3%

ForexLive

Positive beats on the release here alongside positive revisions. Not much else needs to be said. But this shows that the Eurozone factory activity does not hinge on Germany solely. A minor data point but this will continue to at least keep up with the tone fed by the ECB that Eurozone economic growth remains broad-based.

EUR/USD is a little lower now at 1.1586, EUR/GBP is back up to flat levels on the day at 0.8763 and EUR/JPY is flat on the day as well at 130.05.



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