Details of the July 2015 Eurozone industrial production data report 14 September 2015
- Prior -0.4%. Revised to -0.3%
- 1.9% vs 0.6% exp y/y. Prior 1.2%. Revised to 1.5%
- EU 28 states 0.3% vs -0.1% prior m/m
- 1.8% vs 2.0% prior y/y
More good numbers from the area
Durable goods production jumps 1.3% following a 1.7% decline in June. Capital goods up 1.4% vs -1.5% prior. Steady progress being made in important areas and that will outweigh any further inflation weakness. We can probably assume that Germany is the main driver behind all this. Production there rose 0.5% vs -0.6% in June. Production also rose strongly in Ireland and Greece
EURUSD celebrates the good news by dropping down to the session lows at 1.1330
Eurozone industrial production y/y
