Eurozone December industrial production -2.1% vs -2.0% m/m expected

  • Prior +0.2%; revised to 0.0%
  • Industrial production WDA -4.1% vs -2.5% y/y expected
  • Prior -1.5%; revised to -1.7%

The industrial output reported a decline in December, but according to German reading last week, this decline is fully expected and in any case, confirms the slowdown in factory activity in the region towards the end of last year. Therefore, worse data will not have a further negative effect on the euro crosses during the current trading session.

The data is among the so-called lagging indicators, which is confirmed by the data already published two weeks ago on Eurozone’s GDP for the last quarter of 2019.

 Head of Trading Dimitar Kalapov

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