Industrial production advanced 0.7% in euro area

Note: This section contains information in English only.
Source: europa.eu
According to assessment published by the statistical office of the EU, industrial production in the Euro area (EA17) advanced 0.7% and climbed by 0.5% in the EU27 in December 2012, in comparison with November 2012, when production declined by 0.7% and 0.6% respectively. Making comparison with 2011, in 2012 the average production index fell 2.1% in the EU27 and 2.4% in the Euro area.

German's Finacial ministry indicated that, "Overall, there will be a noticeably weaker economic dynamic in the winter half-year". It must be taken into account that industrial production is more volatile, and has a greater tendency to influence the rate at which economies are growing or contracting.

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Thu, 14 Feb 2013 08:32:03 GMT

Kiwi strengthens to 2.5-year high versus Aussie on PMI data

The New Zealand Dollar strengthened to 2.5-year high versus the Australian counterpart as manufacturing activity increased last month, increasing chances the RBNZ will raise its key interest rate. The kiwi advanced as much as 0.4% to NZ$1.2219 per Aussie as of 4:46 p.m. in Sydney, after rising to NZ$1.2197, the strongest since July 2010.

Wed, 13 Feb 2013 12:11:03 GMT

European equity little changed ahead macro data

The Euro Stoxx 50 futures were little changed at 2,646 points in the beginning of London trading session on Wednesday. Market was calm ahead a Euro-area industrial sector output data, which according to economists should increase by 0.2% from November. Also, Barack Obama, the U.S. President, pledged to expand trade with Europe.

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