Euro area industrial production tops expectations in December

Market news

14 February 2017

Euro area industrial production tops expectations in December

In December 2016 compared with November 2016, seasonally adjusted industrial production fell by 1.6% in the euro area (EA19) and by 1.0% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In November 2016 industrial production rose by 1.5% in the euro area and by 1.6% in the EU28.

In December 2016 compared with December 2015, industrial production increased by 2.0% in the euro area and by 2.9% in the EU28. The average industrial production for the year 2016, compared with 2015, rose by 1.3% in the euro area and by 1.4% in the EU28.

GBP/USD fell to $ 1.2439, updating the session low after weak data on inflation in the UK. The January consumer price index was -0.5%, while the previous value showed an increase of + 0.5%

Seasonally adjusted GDP rose by 0.4% in the euro area

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