Industrial production in the euro area chalked up a record rise of 12.4% in May, after falls of 18.2% in April and 11.8% in March. However, the figure was still 20.9% below the level recorded in May 2019, according to data published by the EU’s statistics office Eurostat. In the case of Spain, industrial production rebounded 15.1% in May after declines of 22.8% in April and 13.5% in March. The figure was still 24.9% lower than in May 2019.
eurozone industrial production
LONDON | May 13, 2015 | Barclays | Overall euro area IP rose by 0.9% q/q in Q1, the strongest growth in four years. This echoes the positive developments recorded by business surveys in the first months of 2015. Euro area manufacturing PMIs and the EC industrial confidence indicator hit eleven-month peaks in March and posted the highest quarterly average in Q1 since mid 14
LONDON | March 14, 2015 | Barclays | German 10y yield bounced back to 0.248% after touching 0.186% on Thursday, while Italian and Spanish 10y spreads are 10bp above their trough. High yield credit spreads tightened while equities remained close to their cyclical highs. EURUSD is now trading at 1.06 after dropping below 1.05 on Thursday (its weakest level since January 2003). Europe’s IP edged down 0.1% in January, slightly weaker than expectations.