Industrial Production in Europe
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.
