Latest data released by Istat - 9 February 2018

  • Prior m/m 0.0%; revised to +0.2%
  • Industrial production y/y +4.9% vs +1.9% expected
  • Prior y/y +2.2%; revised to +2.3%

A huge beat on the figures, and positive revisions as well. The m/m increase is the biggest since January 2016.

But once again, it's a minor data point and a lagging one. Though, positive sentiment is positive sentiment - can't take that away from the Eurozone.

Overall, Q4 2017 industrial output was +0.8% q/q, compared to the +1.6% q/q in Q3.