Industrial Production (Sep 2019)......>

EUROZONE DATA: Industrial Production (Sep 2019)

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EZ IP: 0.1% m/m, -1.7% y/y (vs. Bbg consensus -0.2% m/m, -2.3% y/y)

- M/M EZ industrial production slowed in Sep to its lowest since July, although

beating market expectations.

- Annual production, revealed another decline in Sep, although at a slower pace

than in Aug.

- Sep's downtick was led by intermediate (-0.9%), energy (-0.8%) and durable

consumer (-0.7%) goods, while some of the decrease was offset by m/m gains of

non-durable consumer (1.0%) capital (0.6%) goods.

- Among the member states, Malta (-3.7%), Portugal (-2.3%) and Estonia (-1.5%)

registered the biggest monthly declines.

- Against that, Ireland (+8.8%), Lithuania (+2.5%) and Slovakia (+1.3%) posted

the largest m/m gains.