July EZ industrial production -1.5% vs 0.1% exp m/m

• Prior 0.7%
• -2.1% vs -0.1% exp y/y. Prior +0.3%

Big drop in output. Euro falling further below 1.3300 to 1.3286

Big falls for Energy-1.6%, Capital goods -2.6% and durable consumer goods -2.2%