BOSSA.CZ (BOSSA.CZ)
Macroeconomics  |  February 13, 2013 10:45:00

The data starts to be positive


iPoint.cz Eurozone industrial production increased in December 2012 compared to November by 0.7 percent. It was thus the first monthly increase since August 2012, Eurostat data showed Wednesday. Economists Reuters on average expected growth of just 0.2 percent. Production throughout the European Union (EU) has also bettered in mom measuring about 0.5 percent. Production of consumer goods recorded the strongest growth in the monthly comparison, by 2 percent. Production production machinery also increased, by 1.3 percent. The German economy was able to overcome the euro zone growth of 0.1 percent and remains the driving force of the European economy.

However, in December last year compared with December 2011 (yoy comparison) decreased industrial production in the euro area by 2.4 percent. The entire EU down by 2.3 percent. Over the past year the euro zone industrial production fell by 2.4 percent in comparison with 2011 onwards. Economists commenting on the current result as a further signal the improving state of the European economy.

Index BOSSAEUR European currencies during today's session strengthens. It will be interesting to see how the euro consult with hidden bearish divergence, resistance point 128.710 and falling trend line. Way up so bear costs several obstacles could be overcome to record a significant strengthening of the euro.

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