Latest Spanish industrial output figures for December 2017

  • Prior y/y +4.2%; revised to +4.6%
  • Industrial production m/m +0.9% vs -0.3% expected
  • Prior m/m +1.0%

The headline print is the seasonally adjusted industrial output figures.

That's a major beat on the headline and the revision as well. A minor data point and a lagging one, but certainly doesn't hurt Eurozone sentiment.

EUR/USD now down to 1.2268 as the euro gives up further gains on the day, almost on par with the dollar now. EUR/GBP down to 0.8838, EUR/CHF down to 1.1574, and EUR/JPY now at 134.36 as the yen also gains further on the day.