Monday, January 15, 2007

Forex News: 15.01.2007 Nov. Euro Zone industrial production rose 0.2%

Euro Zone’s Industrial Production has bounced back to positive levels in November, yet the reading has been weaker than expected.

Industrial Production has grown by 0.2% in November, as data from the European Stats agency shows, this reading remains sharply below the 0.8% increase expected by the analysts, after two consecutive declining months. The yearly 2.5% increase is also below the 3.1% expected by the economists.

Production of intermediate goods has fallen 0.1% while durable consumer goods output increased 1.0%, capital goods 1.2% and energy 0.9%.


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