Thursday , 14 November 2024
Home Forex Eurozone September industrial production -2.0% vs -1.4% m/m expected
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Eurozone September industrial production -2.0% vs -1.4% m/m expected

  • Prior +1.8%; revised to +1.5%

Looking at the details, the drop here is largely driven by a decline in capital goods (-3.8%) and energy production (-1.5%). The former is seen declining back after a surge higher in August (+3.8%). The declines for the month are partially offset by increases in output for durable consumer goods (+0.5%) and non-durable consumer goods (+1.6%). The production for intermediate goods was flat on the month.

This article was written by Justin Low at www.forexlive.com.

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