Wednesday, March 14, 2007

Forex News: 14.03.2007 Industrial production in the euro area below expectations in January

The index of industrial production in the euro area unexpectedly declined in January by 0.2%, Eurostat, the Statistical Office of the European Communities reported today. The analysts expected that the index would rise by 0.4%.

The annual growth of industrial production was 3.7% in January, while the analysts estimated 4.2%.

December reading of the index was revised to better. In December the index of industrial production rose by 1.2% in a month (previously reported as 1.0%) and by 4.4% in a year (revised from 4.0%).


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