Eurozone April industrial production -0.9% vs -0.7% m/m expected
Latest data released by Eurostat - 13 June 2018
- Prior +0.5%; revised to +0.6%
- Industrial production WDA +1.7% vs +2.5% y/y expected
- Prior +3.0%; revised to +3.2%
The slightly better revisions is not going to do enough to offset the misses here. On the surface, the readings are poor and it highlights the recurring theme that we have seen this week from Eurozone April industrial output data really.
Although a minor data point, it's not one that will help to boost sentiment on Q2 economic growth.