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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)
EZ MAY IND PROD -1.0% M/M, +20.5% Y/Y; APR +0.6%r M/M
- EZ industrial production fell by 1.0% in May, following two months of consecutive gains, coming in weaker than markets expected (BBG: -0.1%).
- Annual output grew by 20.5% in May, reflecting weak production figures at the beginning of the pandemic.
- May's downtick was broad based with every category except for durable consumer goods (up 1.6%) posting a monthly decline.
- Output of non-durable consumer goods saw the largest drop, down 2.3%, following 4 months of consecutive growth.
- Energy output decreased 1.9% in May, while energy output was down 1.6% and intermediate goods production eased 0.2%.
- Among the member states, Greece (-4.7%), Ireland (-4.6%) and Portugal (-4.5%) posted the biggest declines, while Lithuania (+7.7%), Finland (+2.2%) and the Netherlands (+0.8%) recorded the largest gains.
Source: Eurostat
MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com
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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