Italy Feb industrial production data just out 10 April

  • -1.8% prev revised up from -1.9%
  • yy 2.4% v 7.3% prev
  • WDA yy 2.5% vs 4.7% exp vs 4.4% prev

Strong EZ expansion says Nowotny? Not backed by this data or indeed others like it recently.

Meanwhile EURUSD trawling around 1.2325 and EURGBP 0.8705 still.