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Euro zone November industrial production + 2.3% vs. + 0.5% m / m expected

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  • Previous + 1.1%; revised to -1.3%
  • Industrial production -1.5% vs + 0.6% y / y expected
  • Previous + 3.3%; revised to + 0.2%

Headline reading is not as good as the details might suggest. The October reading was revised sharply downward to 1.3% from a growth of 1.1% previously. It also weighed on the annual reading, which fell sharply due to a 9.8% drop in production of capital goods – offsetting a 4.4% increase in durable consumer goods and an increase in 6.1% of non-durable consumer goods.

Euro zone November industrial production + 2.3% vs. + 0.5% m / m expected

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