Latest data released by Eurostat - 12 April 2018

  • Prior m/m -1.0%; revised to -0.6%
  • Industrial production WDA y/y +2.9% vs +3.5% expected
  • Prior y/y +2.7%; revised to +3.7%

Soggy headline readings, but better revisions overall to prior figures. But the slump surely adds to the growing rhetoric of a slowdown in the economy.

As was the case last month, durable goods were a drag falling 2.1% on the month with capital goods also lower by 3.6% - being the main drag this time around.

A minor data point, but feeds into the theme of disappointing Eurozone data and a slight slowdown from the peak growth - which wasn't even that high to begin with - from December last year.