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Eurozone IP +2.3%, Oct Revised Sharply Lower

EUROZONE DATA
MNI (London)

MNI: EUROZONE NOV IP +2.3% M/M, -1.5% Y/Y; OCT -1.3%r M/M

  • Eurozone industrial production for November outpaced forecasts, coming in at +2.3% m/m (+0.2% m/m estimated) and -1.5% y/y (+1.4% y/y estimated).
  • Nondurables up 3.2% m/m, breaking a streak of three consecutive falls.
  • Eurozone October IP revised down to -1.3% m/m from + 1.1% m/m previously.
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