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