October 2017 Eurozone industrial porduction 13 December 2017

  • Prior -0.6%. Revised to -0.5%
  • 3.7% vs 3.5% exp y/y. Prior 3.3%. Revised to 3.4%

Eurostat says;

  • Eurostat said the monthly increase was due to production of non-durable consumer goods rising 0.5%, and energy output increasing 0.1%.
  • Production of intermediate goods remained stable, capital goods fell 0.3%, and durable consumer goods eased 1.9%
  • The annual increase came from production of non-durable consumer goods rising by 5.7%
  • Intermediate goods by 5.0%, durable consumer goods by 3.7% and capital goods by 3.3%
  • Energy production fell 2.2%

Also out;

  • Eurozone Q3 2017 Employment 0.45 vs 0.4% prior q/q
  • 1.7% vs 1.6% prior y/y
  • Eurostat estimates that, in the third quarter of 2017, 236.3 million men and women were employed in the EU28, of which 156.3 million were in the euro area. These are the highest levels ever recorded in both areas

A half decent set of numbers and we even see EURUSD rising 5 pips to 1.1754. Aren’t we lucky?

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

Read how Ryan got into trading here
Ryan Littlestone

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