Industrial Production

The EUROZONE Industrial Production comes out -1.9% from the previous 0.9%.  This data came out better than expected as -2.3% was forecast. 

This data had little effect on the EUR across the board.   

The Industrial Production number q/q comes out at -9.3% from the previous 6.8%. This was forecast for a drop to -5.1%.  The y/y comes out at 4.3% from the previous 9.2%.  This was forecast at 7.5%.

Not much change initally in any of the CHF pairs after this lower than forecast release.

The Industrial Production number comes out at -0.2% from the previous -0.3%.  This was forecast at -0.3% once again.

As this number came out only slightly better than forecast, not much change in the JPY across the board.  

The EUROZONE Indsutrial Production comes out at 0.9% from the previously revised -0.5%.  This was forecast for a slight rise to 0.0%. 

The EUR firmed up across the board after this data was released better than expected.  

The French Industrial Production comes out better than forecast at 1.4% from the previous -0.8%.  This was forecast at 0.3%.

The EUR made slight gains initially after this data.   

At 6:00 AM, the German Industrial Production Number is released. This number gauges the value of output produced by German utilities, factories and mines. As this figure rises, it typically benefits the economy.

A rise is forecast for this release to 0.2% from the previous -0.5%.

The Industrial Production number comes out at -0.2% from the previous 0.3%.  This was forecast for a drop to -0.3%.

The French Industrial Production comes out lower than forecast at -0.8%. from the prior 0.3%.  This was forecast at -0.4%.

At 2:45 AM, the French Industrial Production number is released.  This number gauges the value of output produced by mines, utilities and factories.  As this level rises, it is a strong sign for the economy and typically the currency will benefit.

This release is forecast for a drop to -0.4% from the previous 0.3%. 

The German Industiral Production figure comes out at -0.5% from the previously revised  0.2%.  A drop to -0.5% was forecast.

No reaction to this release as it comes out as forecast.  Now the market will wait to see the GBP and EUR Interest Statements.