Industrial production gives EZ a break –weak inflation still poses concern

EZ Industrial production

Figures were better than expected and add to other data such as retail sales, which in April experienced their fastest year-to-year increase since March 2007.

However, there is still a long way to go for the crisis-battered Old Continent. BCE’s analysts lowered their growth forecasts to 1% from 1.2% this year. Inflation also slowed more than expected in May ( that is, below the European Central Bank’s target of below, but close to 2% for the 16th consecutive month).

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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