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In August 2016, compared with July 2016, industrial producer prices fell by 0.2% in both the euro area (EA19) and the EU28, according to estimates from Eurostat, the statistical office of the European Union. In July 2016 prices increased by 0.3% in both zones. In August 2016, compared with August 2015, industrial producer prices decreased by 2.1% in the euro area and by 1.6% in the EU28.
The 0.2% decrease in industrial producer prices in total industry in the euro area in August 2016, compared with July 2016, is due to price falls of 0.8% in the energy sector and of 0.1% for intermediate goods, while prices remained stable for both capital goods and durable consumer goods and increased by 0.1% for non-durable consumer goods. Prices in total industry excluding energy remained stable.
EUR / USD fell over 60 pips since the beginning of the session, updating Sept 30 low, due to the widespread appreciation of the US dollar. Now the pair is trading at $ 1.1154. Important support $ 1.1122 (21 of September low)
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