Industrial Production in Europe

Wednesday, 14 December 2011 03:47

The industrial production in euro zone fell 0.1% in October 2011, disappointing expectations of analysts that predicted no change in index

Eurostat in Luxemburg informed that year to year production rose 1.3%, against expected 2.1%.

In all 27 euro countries industrial production fell 0.2% in October, right after 1.5% decline in previous month.

In year to year catch index in 27 UE countries rose 1.3%, after previous month’s 2.1% increase.

After news release, euro kept on to gaining against the U.S. dollar, with EUR/USD to trade at 1.3057.