Latest data released by Eurostat - 13 May 2020
- Prior -0.1%
- Industrial production WDA -12.9% vs -13.6% y/y expected
- Prior -1.9%; revised to -2.2%
The sharp drop in industrial output shouldn't come as much of a surprise given preceding data points, and this fits the narrative of the record quarterly contraction in the Eurozone during the first quarter of the year - which should be exceeded by the drop in Q2.
