Free Trial

Industrial Production to Drag on Q4 GDP

EUROZONE DATA
MNI (London)

EUROZONE DEC INDUSTRIAL PROD -1.1% M/M (FCST -0.8%); NOV +1.4%r M/M

EUROZONE DEC INDUSTRIAL PROD -1.7% Y/Y (FCST -0.7%); NOV +2.8%r Y/Y

  • Eurozone industrial production contracted in December, falling -1.1% m/m and -1.7% y/y, outpacing forecasts of a softer decline.
  • All sub-categories contracted on the month, barring energy production.
  • Eurozone industrial production recorded a smaller contraction when taking into account volatility in Irish data, which declined sharply (-8.5% m/m) and is exposed to multinational reporting distortions.
  • All up, the data implies a small drag in IP Q4, alluding to a downwards contribution to GDP for the bloc.

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.