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Industrial Production (Aug 2019) .....>

MNI (London)
EUROZONE DATA: Industrial Production (Aug 2019) 
- EZ IP: 0.4% m/m, -2.8% y/y (vs. Bbg consensus 0.3% m/m, -2.5% y/y) 
- Monthly EZ industrial production rebound in Aug and rose by more than markets
expected, reaching a three months high. 
- Annual production, on the other hand deteriorated further, reaching the lowest
level since Dec 2018 
- While capital goods (1.2%) and intermediate goods (0.3%) were the only
categories revealing a positive rate, energy (-0.4%), durable consumer (-0.4%)
and non-durable consumer (-0.3%) goods saw m/m declines. 
- Among the member states, Malta (5.6%), Estonia (3.9%) and Latvia (3.0%) posted
the largest monthly gains. 
- Against that, Slovakia (-2.6%), Lithuania (-2.4%) and Slovenia (-2.0%)
recorded the biggest monthly declines. 
- Fwd-looking indicators paint a downbeat picture going forward, hence Aug's
rebound might not mark the start of a turnaround.
MNI London Bureau | +44 203-865-3812 |
MNI London Bureau | +44 203-865-3812 |

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