Eurozone May industrial production +0.9% vs +0.2% m/m expected
Latest data released by Eurostat - 12 July 2019
- Prior -0.5%; revised to -0.4%
- Industrial production WDA -0.5% vs -1.5% y/y expected
- Prior -0.4%
That's a solid beat relative to estimates and industrial production jumps by the most in four months. The big jump came about from capital goods (+1.3% m/m) though and I reckon that can largely be attributed to France's spike seen earlier in the week - which owed to a boost in Airbus aircraft production.
That said, relative to a year ago, conditions remain a little softer and that highlights some weakness still seen in the euro area industrial sector in Q2.