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Eur rose after industrial production data in the euro area

2019-05-14 10:12 am | Resource: News | No Views : 57

Euro rose after industrial production data in the euro area


  The European currency traded in green during morning trade despite the intensification of the trade war between China and the US The traders continued industrial production data and economic confidence in Germany, which were released this morning

Industrial production in the euro zone fell by 0.3% in March

Eurostat said in a statement published on Tuesday that seasonally adjusted industrial production in the euro zone fell by 0.3% in March from the previous month. Industrial output for the entire EU (28 countries) fell 0.1% in March from February. On an annualized basis, industrial production fell by 0.6% in the euro area and rose 0.4% in the EU to complete.

On a monthly basis, non-durable goods and energy production in the euro area fell by 1% and 0.3% respectively, while intermediate goods production increased by 0.1%, capital goods rose by 0.4% and durable goods by 0.7% in March.

In the EU 28, non-durable goods production decreased by 0.5% while energy declined by 0.2%. At the same time, intermediary goods production remained unchanged and capital and durable consumer goods rose 0.4% and 0.5%, respectively.

 European Economic Research Center: Germany's economic sentiment weakened in May

Germany's economic sentiment fell in May, according to the latest release of the European Economic Research Center (ZEW) released on Tuesday. The index fell 5.2 points in May to 2.1 points on the back of trade disputes.

Commented the president of Zio Achim Wambash. "The decline in the ZEW index of economic sentiment signifies that financial market experts continue to expect restricted economic growth in Germany for the next six months." The recent escalation in the US-China trade dispute again raises uncertainty about German exports - a key factor in GDP growth Total  ., "

EUR trades against major currencies
  • The Euro recorded gains in green at 123.30 against the Yen.
  • The euro rose against the franc to 1.1324, dropping 0.25%.
  • The euro rose against the British pound to 0.8678, pushing the pair up 0.19%.
  • The euro rose to 1.1250 against the dollar at around 12:02 CET.


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