News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Euro-Zone Industrial Production Unexpectedly Rises for the 2nd Month

Euro-Zone Industrial Production Unexpectedly Rises for the 2nd Month

Benjamin Spier, Technical Strategist

THE TAKEAWAY: Euro-zone industrial production is up 0.6% in August -> 2 straight months of improving production are a good sign for economy -> Euro trading unchanged

Euro-zone industrial production surprised expectations and increased in August. Production increased by 0.6% (seasonally adjusted) for the second straight month, beating expectations for a 0.4% decline in industrial production. Industrial production was also 2.9% lower than August 2011, according to Eurostat.

Durable consumer goods increased by 3.9% in August, while production of non-durable consumer goods was up 1.3%. Production of energy goods was up 0.9%. Portugal saw the biggest monthly rise in industrial production, up 6.8%, Finland saw 1.1% decline in industrial production.

The Euro-zone GDP declined for the first time since 2009 in the second quarter, and Euro investors are looking for a sign of a recovery from the Euro debt crisis. Therefore, rising industrial production could be a sign of an improvement to the Euro-zone economy and consequently Euro-positive.

However, the Euro did not significantly react to the better than expected industrial production numbers. EURUSD continues to trade around 1.2960, following an earlier day rally that found resistance near 1.2990. Support could be provided by the key 1.2900 figure.

GBPUSD 15-minute: October 12, 2012

_Euro-Zone_Industrial_Production_Unexpectedly_Rises_for_the_2nd_Month_____body_eurusd_daily_chart.png, Euro-Zone Industrial Production Unexpectedly Rises for the 2nd Month

“Meet the DailyFX team in Las Vegas at the annual FXCM Traders Expo, November 2-4, 2012 at the Rio All Suite Hotel & Casino. For additional information regarding the schedule, workshops and accommodations, visit the FXCM Trading Expo website.”

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.