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Good Euro zone data lifts stocks on Thursday

EURUSD News by Newsroom on 08:04 July 12, 2018 EST

Seasonally adjusted industrial production rose by 1.3% in the euro area (EA19) and by 1.2% in the EU28 in May  according to estimates from Eurostat, the statistical office of the European Union reversing  the fall in April by 0.8% in both areas.

The increase of industrial production in the euro area in May 2018  is the result of both durable and non-durable consumer goods rising by 2.1%, intermediate goods by 1.6%, capital goods by 0.7% and energy.

Energy production advanced 0.5 percent over the month and those of intermediate goods registered an increase of 1.6 percent.

On a yearly basis, industrial production growth accelerated to 2.4 percent in May from 1.7 percent in the prior month in line with expectations.

Ahead of the US session futures are trading close to their recent highs.