Industrial Production m/m measures the volumes of manufactured goods and industrial sector activity in the given month compared to the previous one. Growth rates relative to the previous month are based on the parameters adjusted according to a calendar and a season. The index calculation includes manufacturing industry, mining and utilities. Construction is not included.
The index data is used in measuring the development of the euro area industrial sector.
The indicator growth can have a positive effect on the euro quotes.
The chart of the entire available history of the "European Union Industrial Production m/m" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.