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.
EZ FEB IND PROD -1.0% M/M, -1.6% Y/Y; JAN +0.8% M/M
EZ IP dropped in Feb, falling by 1.0%, but beating market expectations (BBG: -1.1%)
This marks the biggest and only second decline since Apr 2020.
Feb's downtick was broad-based with every major category posting a decrease.
Capital goods output registered the largest drop, down 1.9%, followed by energy production (-1.2%) and durable consumer goods (-1.1%).
Intermediate goods production eased 0.7% and non-durable consumer goods output ticked down 0.1%.
Annual industrial output fell by 1.6%, recording the lowest level since Oct.
Among the member states, France (-4.8%), Malta (-3.8%) and Greece (-2.5%) saw the largest declines, while Ireland (+4.2%), Lithuania (+2.4%) and Portugal (+1.2%) recorded the biggest gains.
Source: Eurostat
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.