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Eurozone industrial production fell -1.2% mom in August, a smaller decline than the expected -1.8%. The data from Eurostat showed broad-based declines across key sectors, with capital goods output down -2.2%, durable consumer goods down -1.6%, energy production falling -0.6%, and intermediate goods slipping -0.2%. Only non-durable consumer goods managed a slight gain of 0.1%,. […]

The post Eurozone industrial output drops -1.2% in August, Germany down -5.2% appeared first on Action Forex.

Eurozone industrial production fell -1.2% mom in August, a smaller decline than the expected -1.8%. The data from Eurostat showed broad-based declines across key sectors, with capital goods output down -2.2%, durable consumer goods down -1.6%, energy production falling -0.6%, and intermediate goods slipping -0.2%. Only non-durable consumer goods managed a slight gain of 0.1%,. […]

The post Eurozone industrial output drops -1.2% in August, Germany down -5.2% appeared first on Action Forex.

The Eurozone industrial sector activity contracted in August, according to the latest data published by Eurostat on Wednesday.

• Prior +8.8%
• New yuan loans ¥1.29 trillion vs ¥1.47 trillion expected
• Prior ¥590.0 billion

New bank loans picked back up in September but misses on estimates once again. As much as Beijing is trying its best to stimulate credit growth, weak private demand remains a big problem and that is something that they have to address via other means it would seem.

This article was written by Justin Low at investinglive.com.

Eurozone Industrial Production s.a. (MoM) registered at -1.2% above expectations (-1.6%) in August

Eurozone Industrial Production w.d.a. (YoY) dipped from previous 1.8% to 1.1% in August

• Prior +0.3%; revised to +0.5%

Industrial output in the euro area slumped once again, but at least less than expected. Still, the index for industrial production now falls to its lowest since January but at least is 1.1% higher compared to August last year. The breakdown shows a drop in output for intermediate goods (-0.2%), energy (-0.6%), capital goods (-2.2%), and durable consumer goods (-1.6%). And that is only slightly offset by a rise in output for non-durable consumer goods (+0.1%). The drag from Germany here is the most notable for the month of August.

This article was written by Justin Low at investinglive.com.

The luxury goods giant’s brands include Louis Vuitton, Tiffany & Co. and Moet & Chandon.

Waymo said it plans to start offering robotaxi rides in London next year after aggressively expanding in the U.S.

USD/JPY extended its move lower as Japanese political developments continued to unravel. JPY fell 4% at one-point post-LDP election. Pair was last at 151.22 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note.