Italy November industrial production m/m +0.6% vs +0.6% expected

Author: Justin Low | Category: News

Latest data released by Istat - 12 January 2018

  • Prior m/m +0.5%; revised to +0.6%
  • Industrial production y/y +2.2% vs +3.3% expected
  • Prior y/y +3.1%; revised to +3.0%
A flat reading on the month, but a decline on the y/y figure. Hmm, the main drop seems to have come from a fall in food & tobacco, as well as electricity & gas.

Either way, not an important data point all things considered. EUR/USD now posting session highs again at 1.2122 after breaking through the 1.2100 level earlier.