Sorry folks, we seem to have some gremlins in the works and the site is playing up.
Greece released some data just now and it doesn’t make good reading
- April HICP -1.6% vs -1.4% exp y/y. Prior -1.5%
- CPI -1.3% vs -1.2% exp. Prior -1.3%
- March Industrial production -3.1% vs +1.7% prior y/y. The prior was revised to +3.1%, which makes it even more of a stinker
There is one caveat with the IP number in that the fall was caused by an 8.3% fall in electricity production which is usually tied to household heating usage. Obviously the weather’s been good over there. The drop in inflation won’t be missed at ECB HQ either.
Greek industrial production 09 05 2014
