14 Jul 2014
EMU’s Industrial Production figures in the limelight – Danske Bank
FXStreet (Edinburgh) - Senior Analyst Anders Lumholtz at Danske Bank remarks today’s relevance of the euro zone’s calendar.
Key Quotes
“A fairly light global calendar with the main release in the European session being industrial production”.
“We expect euro area industrial production to have declined 0.9% m/m in May as suggested by the released country figures”.
“The weakness in industrial production indicates a soft patch in the economic situation in Q2”.
“Part of the weakness might be related to seasonality as the working-day adjusted figures for the periphery paint a less negative picture of the current economic situation”.
Key Quotes
“A fairly light global calendar with the main release in the European session being industrial production”.
“We expect euro area industrial production to have declined 0.9% m/m in May as suggested by the released country figures”.
“The weakness in industrial production indicates a soft patch in the economic situation in Q2”.
“Part of the weakness might be related to seasonality as the working-day adjusted figures for the periphery paint a less negative picture of the current economic situation”.