Latest data released by INSEE - 10 April 2018

  • Prior m/m -2.0%; revised to -1.8%
  • Industrial production y/y +4.0% vs +4.3% expected
  • Prior y/y +1.2%; revised to +1.4%
  • Manufacturing production m/m -0.6% vs +0.7% expected
  • Prior m/m -1.1%; revised to -1.0%
  • Manufacturing production y/y +2.4% vs +4.3% expected
  • Prior y/y +3.3%; revised to +3.5%

A little below expectations for industrial production but slightly soggier manufacturing production figures. Revisions to prior figures were better though. A little mixed on the report, but nothing that will have a major impact on price action.

EUR/USD at 1.2318 sitting in a tight range on the day. EUR/GBP at 0.8707 and EUR/CHF at 1.1789, both also range-bound so far.