- Prior -1.8%. Revised to -1.4%
- 0.6% vs -0.3% exp y/y. Prior -1.9% revised to -0.5%
Blimey, good news from Europe.
Saying that, it’s another mixed picture drilling down. Capital goods makes a big jump +2.9% from -4.5% prior but durable consumer goods falls 2.6% from -0.5% prior and non-durables come in -0.9% from +0.1% prior. Year on year durables are down 3.3%. There may be a pick up in industrial production but it’s not coming from the consumer side. That could point to better export figures if there’s still a big lack of domestic demand.
EUR/USD halts the slide to 1.2430 and is back at 1.2447
Eurozone industrial production 12 11 2014
Eurozone industrial production y/y 12 11 2014
