February eurozone industrial production -6.4% vs -5.7% expected
Production up 0.8% m/m vs +0.8% expectedPrior was -3.2% (revised to -3.0%)Production -6.4% vs -5.7% expectedPrior y/y reading was -6.7% (revised to 6.6%)The big miss on the y/y reading despite higher revisions to the prior suggest some deeper negative revisions down the line.Any way you slice it, a 6.4% reduction in industrial production is disastrous. This article was written by Adam Button at www.forexlive.com.
- Production up 0.8% m/m vs +0.8% expected
- Prior was -3.2% (revised to -3.0%)
- Production -6.4% vs -5.7% expected
- Prior y/y reading was -6.7% (revised to 6.6%)
The big miss on the y/y reading despite higher revisions to the prior suggest some deeper negative revisions down the line.
Any way you slice it, a 6.4% reduction in industrial production is disastrous. This article was written by Adam Button at www.forexlive.com.
