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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 industrial production experienced a milder contraction when reweighting index values to remove volatile Irish data.
- Our calculations suggest a smaller -0.3% m/m in December (vs -1.1% reported EZ aggregate print) and a less sharp -1.1% y/y contraction (vs -1.7% reported).
- In aggregate, the sector likely contracted by approx. -0.2% q/q in Q4, implying a downwards contribution to Q4 euro area GDP.
- January PMI data suggests the pace of decline is easing, but they remain in contraction, implying we are yet to reach a trough.
- With higher interest rates beginning to feed through, a rebound in IP appears unlikely for now.
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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