Eurozone January industrial production +2.3% vs +1.5% m/m expected

Latest data released by Eurostat - 12 March 2020

• Prior -2.1%; revised to -1.8%
• Industrial production WDA -1.9% vs -2.9% y/y expected
• Prior -4.1%; revised to -3.6%

The readings are better-than-expected with positive revisions to boot, however they are all related to pre-virus economic conditions and that is no longer the focus of the market.