Industrial production came in at 0.9% month over month strongly beating the expectations of 0.2% in May and after dropping by 0.4% in April, On year over year basis, the factory output shrunk by 0.5% in May versus forecasts of -1.6%.
The main increase came from capital goods that came in at +1.3% month over month.
Finally we got a good number from EU, as the industrial production jumped the most in four months.
EURUSD didn’t react to the news and is still trading at 1.1263 in thin trading range and low volumes.Don’t miss a beat! Follow us on Twitter.
Download our Q3 market outlook today for our longer-term outlook for the markets and trade ideas.
Do you enjoy reading our updates? Become a member today and access all restricted content. It is free to join.