Industrial Production both in the EU and the euro area expanded in October. EUR/USD clings to daily gains around mid-1.21s after the data. Industrial Production in the euro area rose by 2.1% on a monthly basis in October following September’s modest growth of 0.1%, the data published by the Eurostat showed. This reading came in slightly better than the market expectation of 2%. Further details of the publication revealed that Industrial Production in the EU expanded by 1.9%. “In the euro area in October 2020, compared with October 2019, production of capital goods fell by 8.2%, nondurable consumer goods by 2.1% and intermediate goods by 1.3%, while production of durable consumer goods rose by 0.3% and energy by 0.1%,” the Eurostat further noted in its press release. Market reaction The EUR/USD pair showed no immediate reaction to this report and was last seen gaining 0.4% on a daily basis at 1.2159. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Violent breakout in sight as crypto market technicals improve FX Street 2 years Industrial Production both in the EU and the euro area expanded in October. EUR/USD clings to daily gains around mid-1.21s after the data. Industrial Production in the euro area rose by 2.1% on a monthly basis in October following September's modest growth of 0.1%, the data published by the Eurostat showed. This reading came in slightly better than the market expectation of 2%. Further details of the publication revealed that Industrial Production in the EU expanded by 1.9%. "In the euro area in October 2020, compared with October 2019, production of capital goods fell by 8.2%, nondurable consumer goods by 2.1%… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
