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EZ production rebounded in Jan

EUROZONE DATA
MNI (London)

EZ JAN IND PROD +0.8% M/M, +0.1% Y/Y; DEC -0.1% M/M


  • EZ IP rebounded in Jan, rising 0.8% and coming in stronger than markets expected (BBG: 0.3%)
  • Jan's uptick was driven by a recovery of capital goods production, up 1.1pp to 0.4%, and non-durable consumer goods output increasing by 1.5pp to 0.6%.
  • Meanwhile, intermediate goods production and energy output decelerated markedly to 0.3% and 0.4%, respectively.
  • Durable-consumer goods output eased as well by 0.1pp to 0.8% in Jan.
  • Annual output shifted into positive territory, up 0.1% which is the first y/y increase since Oct 2018.
  • Among the member states, Luxembourg (+3.8%), Greece and France (both +3.4%) showed the largest m/m gains, while Estonia and Latvia (both -1.5%) and Portugal (-1.3%) recorded the biggest declines.

MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com

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