Eurozone Industrial Production Fails to Impress the EUR

It was a quieter morning on the Eurozone economic calendar. December industrial production figures for the Eurozone were in focus early in the European session.

Eurozone Industrial Production

In December, industrial production increased by 1.2%, month-on-month.

According to Eurostat,

• The production of capital goods rose by 2.6%, intermediate goods by 0.5%, and non-durable consumer goods by 0.4%.
• There falls in the production of durable consumer goods (-0.3%) and energy (-0.8%), however.
• Ireland registered the largest increase in production (+10.3%), followed by Lithuania (+6.2%) and Luxembourg (+5.1%).
• By contrast, Austria (-1.1%) and Italy (-1.0%) recorded the largest monthly declines.
• Year-on-year, industrial production increased by 1.6%, with Lithuania (+33.3%) reporting the largest increase.

Market Impact

Ahead of today’s forecasts, the EUR had fallen to a pre-stat and current day low $1.13451 before rising to a pre-release and current day high $1.13995.

In response to today’s stats, the EUR rose to a post-stat high $1.13842 before falling to a post-release low $1.13733.

At the time of writing, the EUR was up by 0.18% to $1.13802.

Next Up

U.S retail sales figures ahead of the FOMC meeting minutes due out late in the U.S session.