A solid m/m beat +2.3%
- expected 0.7% m/m, prior 0.6%
-1.8% y/y
- expected -2.9% y/y, prior -1.1%
Looking ahead, manufacturers expect:
- June output at -1.2% m/m
- July at +0.3% m/m
The better results will be welcome. Not so the look ahead though - expected to see a decline in June.
