It’s a quieter day on the economic data front this morning. Industrial production figures for the Eurozone were in focus this morning.
In April, industrial production increased by 0.8%, coming in ahead of a forecasted and March 0.4% rise.
According to Eurostat,
- Production of consumer goods rose by 3.4%, energy by 3.2%, capital goods by 1.4%, and intermediate goods by 0.8%.
- Bucking the trend, however, was a 0.3% decline in the production of non-durable consumer goods.
- Belgium (+7.4%), Malta (+5.6%), and Estonia (+4.4%) recorded the largest monthly increases.
- Lithuania registered the largest monthly decrease of 2.4% in the month.
- Compared with April 2020, industrial production was up by 39.3%.
- The production of durable consumer goods was up by 117.3%, year-on-year.
- There were also marked increases in the production of capital goods (+65.4%) and intermediate goods (+38.7%).
- Non-durable consumer goods (+15.4%) and energy (+14.4%) production were up modestly by comparison.
Ahead of the trade data, the EUR had fallen to a pre-stat and current day low $1.20943 before rising to a pre-stat high and current day high $1.21208.
In response to the industrial production figures, the EUR slipped to a post-stat low $1.21085 before rising to a post-stat high $1.21187.
At the time of writing, the EUR was up by 0.06% to $1.21154.