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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.
ITALY DATA
- Industrial production in Italy declined by 1.9% m/m in April, the fourth consecutive monthly fall and a significant deterioration on the 0.6 m/m decline recorded in March. Compared to April 2022, the decline was 7.2%.
- The manufacture of wood and paper products, electricity & gas, chemical products and metals were key contributors to this worsening trend, as all these sub-sectors recorded a year-on-year decline exceeding 10%.
- The weak numbers follow muted April industrial production figures in Germany (up 0.3% m/m, compared to expectations of a 0.6% rise) and stronger than expected figures in France (up 0.8% m/m).
- Following Thursday's data showing that the Eurozone has entered a technical recession in Q1, the latest y/y national data indicates a continuation of manufacturing weakness across the bloc, giving the ECB another headache ahead of the June 15 interest rate meeting.
- Source: ISTAT
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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