14.03.2016 - Industrial production in the euro area grew by 2.1%
According to the data, which was published today, the volume of industrial production in the Eurozone rose by 2.1% in January, which is significantly better than the reduction of 0.5% in December last year. The average forecast for this indicator was at 1.7%. The growth of industrial production in January was the highest since September 2009. The highest growth of industrial production was recorded in Ireland (12.7%). These statistics improves the mood of investors, but a key influence on this week will have news on the Fed's decision regarding US monetary policy settings. In the case of more hawkish rhetoric, the euro price can greatly decrease and reach levels of 1.0800 and 1.0700.