By David Schutz, Industrial production numbers out of Switzerland came in above expectations today. Q4 production grew 7.9% on the quarter, as opposed to the 2.6% predicted by economists. The previous figure was revised from -1.4% to -2.0%. Compared to this time last year, industrial production fell by 1.4%. Economists had expected a sharper fall of 2.0%, and the previous figure was revised down to -1.9%.
DailyFX is the forex news and research arm of FXCM, Inc (NYSE: FXCM), which provides currency trading and brokerage services and is an advertiser on TheStreet websites. Any opinions, news, research, analyses, prices, or other information is provided as general market commentary, and does not constitute investment advice. Dailyfx will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Currency trading involves significant risk of loss. Individual authors may hold positions in the currencies discussed in the article.