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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
EUROZONE DATA
MNI (London)
EUROZONE APR IP +0.4% M/M; -2.0% Y/Y (FCST -1.1%); MAR -0.5%r Y/Y
- The April Eurozone IP print saw modest +0.4% growth compared to March in the euro area, and a -2.0% y/y slump compared to April 2021. Both readings are weaker than consensus expectations, as price pressures remain acute and supply chain issues worsened following the onset of the Ukraine war and renewed Chinese lockdowns.
- The year-on-year print was substantially milder in the EU, where a small +0.5 y/y uptick was recorded.
- Energy production saw a substantial 5.4% m/m increase as the region shifted to domestic production capacities following swift Russian energy sanctions. Capital goods production fell by 0.2% m/m as firms began pricing economic uncertainty into investment plans.
- March prints were revised up 0.4pp for m/m and 0.3pp for y/y.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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