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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.
EUROZONE DATA
MNI (London)
EUROZONE MAR IP -1.8% M/M, -0.8% Y/Y; FEB +0.5%r M/M
FEB M/M IP REVISED DOWN 0.2PP, Y/Y IP REVISED DOWN 0.3PP
- Industrial production contracted by -1.8% m/m, the largest month-on-month decline since February 2021. Compared to March 2021. IP slumped by -0.8%.
- Forecasts were anticipating marginally stronger contractions of -2.0% m/m and -1.0% m/m.
- Capital good production drove the decline (-2.7% m/m), followed by durable consumer goods (-2.3% m/m), immediate goods (-2.0% m/m) and energy (-1.7% m/m). Only durable consumer goods saw expansion (+0.8% m/m).
- Within the Eurozone aggregate, German industrial production fell by 5.0% m/m.
- The March print highlights the initial effects of the onset of the Ukraine war. Worsened supply chain disruptions, energy price growth and reduced propensity to invest in capital goods are key downside drivers.
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.
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