Euro area: economic activity what did we learn from the latest industrial production data?

Pictet Asset Management
Door juli 20, 2019 07:46

Euro area: economic activity what did we learn from the latest industrial production data?

After two consecutive months of contraction, euro area industrial production (IP, excluding construction) rose by 0.9% month on month (m-o-m) in May, above consensus expectations (0.2%). To avert negative IP growth over the whole of Q2, IP will need to be at least flat in June. Production of consumer goods (durable and non-durable) surged in May, consistent with solid fundamentals for euro area households. Output of capital goods and energy also increased. However, output of intermediate goods slipped (see Chart 1).

Pictet Asset Management
Door juli 20, 2019 07:46

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