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.
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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.