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Industrial Production (Jul 2019)......>

EUROZONE DATA
MNI (London)
EUROZONE DATA: Industrial Production (Jul 2019)
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- EZ IP: -0.4% m/m, -2.0% y/y (vs. Bbg consensus -0.1% m/m, -1.3% y/y) 
- June's print was revised up by 0.2pp to -1.4% m/m and -2.4% y/y respectively. 
- EZ industrial production fell by more than markets expected in July, although
declining at a slower pace than in June. 
- All major categories saw improvements in July, with the exception of energy
production which edged down by 0.2pp to -0.7%. 
- Non-durable consumer (-0.8%) and intermediate (-0.3%) goods saw m/m declines,
while capital (1.8%) and durable consumer (1.2%) goods rebound in July. 
- Among the member states, Estonia (-2.9%), Latvia (-2.1%) and Germany (-0.8%)
revealed the sharpest m/m decreases in output. 
- Against that, Portugal (+3.6%), Slovenia (+2.7%) and Ireland (1.4%) posted the
largest monthly gains. 
- July's print marks a weak start to Q3 and survey indicators suggest production
could decline further in the coming months.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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