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MNI: EUROZONE DATA: Industrial Production (Apr.......>

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MNI: EUROZONE DATA: Industrial Production (Apr 2019) 
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- EZ Mar IP: -0.5% m/m (in line with consensus), -0.4% y/y
- Mar m/m & y/y prints both revised down 0.1pp to -0.4% & -0.7% respectively
- After rebounding by 0.9% q/q in Q1, the EZ industrial sector kicked off the
second quarter on a weak footing, with output contracting by 0.5% m/m 
- Apr's m/m decline was driven by durable consumer goods (-1.7%), capital goods
(-1.4%) & intermediate goods (-1.0%)...
- ... while non-durable consumer goods (+0.2%) & energy (+1.4%) rebounded after
declining in Mar
- Germany (-2.3%) & Latvia (-2.0%) saw the largest m/m IP declines...
- ... while Ireland (+3.6%) & Portugal (+2.9%) recorded the strongest gains 
- After helping to boost EZ GDP growth in Q1, industry could revert to being a
drag on the economy again in Q2
- Indeed, survey indicators suggest that production could decline further over
the remainder of the quarter

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