Latest data released by INSEE - 10 April 2019
- Prior +1.3%; revised to +1.2%
- Industrial production +0.6% vs -0.2% y/y expected
- Prior +1.7%
- Manufacturing production +1.1% vs -0.4% m/m expected
- Prior +1.0%; revised to +0.7%
- Manufacturing production +2.8% vs +1.0% y/y expected
- Prior +0.9%; revised to +0.8%
Factory activity in France continues to improve in February and that's a positive sign that will feed into Q1 GDP growth at the very least. Expectation is for quarterly growth to still be decent but not stellar and the release here won't detract from that opinion.
EUR/USD still sits in a narrow range at 1.1270 currently, with large expiries between 1.1245-75 potentially playing a part once again in keeping price action muted today.
