Eurozone July industrial production -0.4% vs -0.1% m/m expected
Latest data released by Eurostat - 12 September 2019
- Prior -1.6%; revised to -1.4%
- Industrial production WDA -2.0% vs -1.4% y/y expected
- Prior -2.6%; revised to -2.4%
This just reinforces further the negative sentiment in euro area factory activity and suggests that the slowdown in the manufacturing/industrial sector looks set to persist throughout Q3 and possibly towards the end of the year.