November 2017 Eurozone industrial production 11 January 2018

  • Prior 0.2%. Revised to 0.4%
  • 3.2% vs 3.0% exp y/y. Prior 3.7%. Revised to 3.9%
  • EU 28 states 0.9% vs 0.5% prior m/m
  • 3.5% vs 4.2% prior y/y

Good numbers from Europe with Capital goods the pick of the bunch gaining 3.0% m/m vs -0.2% prior. Durable goods improved too, rising 1.6% vs -2.1% in Oct. Energy production was flat on the month and down 3.4% on the year.

Further signs of an improving landscape for both industry and consumers. EURUSD..hello, is this thing on? 1.1948 trades from 1.1945.

Ryan Littlestone

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