Forex
globalreutersApril 15, 20241 Mins read
February eurozone industrial production -6.4% vs -5.7% expected
globalreutersApril 15, 20241 Mins read - 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.
Related Articles
USDJPY bounces off 100 bar MA on the 4-hour chart. Can the buyers keep the momentum?
The USD/JPY pair moved lower during the morning U.S. session but found...
More from Goolsbee: Feels like we are heading to 2% inflation
Feel like we're headed to 2% inflation.Neutral is a long way below...
USDCHF moves above converged 100 and 200 hour MAs and rockets higher
Earlier today, I posted:USDCHF: The USDCHF held resistance at the 100-hour moving...
Matt Gaetz withdraws name for Attorney General nomination
This article was written by Greg Michalowski at www.forexlive.com.
Leave a comment