| Source |
Eurostat (latest release) |
|
| Measures |
Change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities; |
|
| Usual Effect |
Actual > Forecast = Good for currency; |
|
| Frequency |
Released monthly, about 45 days after the month ends; |
|
| Next Release |
Aug 14, 2012 |
|
| SLBFX Notes |
Tends to have a relatively mild impact because Germany and France, which account for about half of the Eurozone's economy, release earlier production data; |
|
| Why Traders Care |
It's a leading indicator of economic health - production reacts quickly to ups and downs in the business cycle and is correlated with consumer conditions such as employment levels and earnings; |
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