It was another quiet day on the Eurozone economic calendar, with Eurozone industrial production figures in focus.
Industrial Production
In November, Eurozone industrial production increased by 2.3% versus a forecasted 0.5% rise. Production had fallen by 1.3% in October.
According to Eurostat,
- Production of non-durable consumer goods rose by 3.2%, capital goods by 1.5%, and energy by 1.2%.
- There was also a 0.9% increase in the production of intermediate goods, while durable consumer goods production fell by 0.2%.
- By member state, Ireland (+37.3%) recorded the largest monthly increase.
- Belgium (-4.4%), Malta (-3.7%), and Luxembourg (-2.3%) recorded the largest declines, however.
- Year-on-year, industrial production was down by 1.5% in the euro area.
Market Impact
Ahead of today’s stats, the EUR had risen to a pre-stat and current day high $1.13781 before easing back.
In response today’s stats, the EUR rose to a post-stat high $1.13683 before falling to a post-stat and current day low $1.13538.
At the time of writing, the EUR was down by 0.05% to $1.13617.
Next Up
U.S inflation figures for December will be in focus. These are key stats that will have a material impact on the majors and market risk sentiment mid-week.
