Free Trial

Industrial Production (Feb 2020) .....>

EUROZONE DATA
MNI (London)
EUROZONE DATA: Industrial Production (Feb 2020) 
-------------------------------------------------------------- 
- EZ IP: -0.1% m/m, -1.9% y/y (vs. Bbg consensus -0.1% m/m, -1.9% y/y) 
- Monthly IP fell by 0.1%, in line with market projections, while the annual
output fell further to -1.9% after Jan's upwardly revised figure (-1.7%) 
- Feb's m/m fall was led by a sharp drop in capital goods, down 4.1pp to -1.5% 
- While production of intermediate (-3.2pp to 0.4%), durable consumer (-3.8pp to
-2.0%) and non-durable consumer goods (-0.2pp to 0.4%) slowed in Feb, energy
output rose by 0.7%, up from -0.5%. 
- Among the member states, Greece (-3.7%), Portugal (-2.8%) and Malta (-2.6%)
showed the largest monthly drop, while Estonia (+8.7%), Latvia (+3.1%) and
Slovenia (+1.4%) posted the biggest m/m gains. 
- Fwd-looking survey evidence suggests a gloomy outlook due to disruptions
caused by the spread of COVID-19.
- Temporary factory closures due to social distancing measures are set to loom
large on IP in coming months.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

To read the full story

Close

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.