menu search

Eurozone March industrial production -4.1% vs -2.5% m/m expected

Eurozone March industrial production -4.1% vs -2.5% m/m expected
Prior +1.5%Industrial production -1.4% vs +0.9% y/y expectedPrior +2.0%At first glance, this seems to be a big miss but the devil is in the details. The sharp plunge in industrial output largely comes from a fall in capital goods production (-15.4%), but it may appear to be a one-off adjustment on the part of Ireland's stats office. They reviewed their methodology for calculating the seasonal adjustment for industrial output and that saw a 26.3% monthly drop (26.1% annual drop) in production.Oth... Read More
Posted: May 15 2023, 09:00
Author Name: forexlive
Views: 081761

Search within

Pages Search Results: