Industrial Production m/m for March (preliminary reading) comes in at -0.9%
- expected 0.0%, prior was 0.7%
and -4.6% y/y (preliminary)
- expected -3.8%, prior was -1.1%
Missing estimates quite a lot indeed. Retail sales out at the same time, separate post.
Forecasts from the surveyed manufacturers:
- See April industrial output bouncing back to +2.7% m/m
- and May to +3.6% m/m
