EMU: Annual Industrial Production grows 3% in November

FXstreet.com (Barcelona) - Year-over-year Eurozone Industrial Production w.d.a. rose by 3.0% in November, up from the 0.5% increase registered the previous month, according to data released by Eurostat. Analysts expected less growth of 1.4%.

On a monthly basis Industrial Production s.a. climbed 1.8% in November, compared with the 0.8% fall in October and above forecasts of rising 1.4%.

UK: PPI – Output flat in December

UK PPI – Output remained unchanged in December, following a 0.2% drop the previous month, National Statistics reported today. Analysts expected 0.2% growth.
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EUR/USD rejected from 1.3700

The EUR/USD saw a short-lived spike toward the 1.3700 area during the European session but it failed to sustain gains and pulled back from highs even after strong Eurozone industrial output data.
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