Euro Stoxx 50 forecast decreased 2 points or 0.05% to 3606 on Thursday, October 12 from 3607 in the previous trading session. Historically, the EURO STOXX 50 Stock Market Index reached an all-time high of 4557.57 in July of 2007 and a record low of 1809.98 in March of 2009.
Euro Stoxx 50 forecast | analysis October 12, 2017
Industrial production in the Euro Area increased by 3.8 percent year-on-year in August 2017, beating market expectations of 2.5 percent and following an upwardly revised 3.6 percent gain in July. Output rose at a faster pace for intermediate, capital and non-durable consumer goods. Among Eurozone’s largest economies, industrial production grew faster in Germany, Italy, and Spain.
Euro Stoxx 50 forecast
Year-on-year,production grew at a faster pace for most categories: Intermediate goods (5.3 percent from 5.1 percent in July); capital goods (4.9 percent from 4.6 percent) and non-durable consumer goods (2.4 percent from 0.5 percent). Meanwhile, production of durable consumer goods rose at a slower 3.6 percent after an increase of 6.3 percent in July, and energy output contracted 0.7 percent, following a gain of 1.1 percent in the previous month.
In the EU28, industrial output advanced by 3.9 percent, following a 3.3 percent gain in July, driven by higher production of capital goods (5.5 percent from 4.8 percent in July); intermediate goods (5.3 percent from 5 percent); and non-durable consumer goods (2.3 percent from 0.5 percent). On the other hand, durable consumer goods output rose at a softer rate (3.6 percent from 5 percent in July) and production of energy shrank (-0.4 percent from a flat reading).
Among the EU Member States for which data are available, the highest increases in industrial production were registered in Lithuania (13.1 percent), Latvia (12.1 percent) and Romania (10.3 percent). Also, output grew in Italy (5.7 percent), Germany (4.7 percent), Spain (2.5 percent) and France (1.3 percent). In contrast, a decrease was observed in the Netherlands (-1.8 percent).
Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.
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