eurozone industrial production
- 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.
