Eurozone October industrial production +2.1% vs +2.0% m/m expected
Eurostat - December 14
- Prior -0.4%; revised to +0.1%
- Industrial production WDA -3.8% vs -4.4% y/y expected
- Prior -6.8%; revised to -6.3%
Prior release here.
Industrial production picking up a touch and higher revisions will be welcome news for Q4. The EURUSD is supported this am on the Dollar weakness. One area to watch is that if the EUR becomes too strong we may see some ECB jawboning. A strong euro is not good for European exporters.