14 Mar 2016
Eurozone: Strong industrial production numbers - TDS
Research Team at TDS, notes that the Eurozone industrial production rose 2.1% m/m in January, coming in above consensus as they expected, and marking its strongest monthly growth rate since May 2009.
Key Quotes
“Capital goods, energy (a weather story), and non-durable consumer goods production led the gains, but strength was broad-based across components. This strong number comes in against a backdrop in January of heightened uncertainties over global growth and severe financial market volatility, and should provide some reassurance that economic activity in the euro area didn’t slow down too sharply in the first quarter of 2016.”
Key Quotes
“Capital goods, energy (a weather story), and non-durable consumer goods production led the gains, but strength was broad-based across components. This strong number comes in against a backdrop in January of heightened uncertainties over global growth and severe financial market volatility, and should provide some reassurance that economic activity in the euro area didn’t slow down too sharply in the first quarter of 2016.”