FPXE - Decent Eurozone Production Figures Are No Break From A Weak Trend
2024-04-16 05:50:00 ET
Summary
- Eurozone industrial production increased by 0.8% in February after a sharp drop the previous month.
- This means that the overall trend of declining production continues despite small signs of improvements here and there.
- The large industrial economies all saw production improve, with Germany and Spain now posting two months of growth in a row.
By Bert Colijn
The manufacturing sector continues to be the Achilles' heel of the eurozone economy. Production has been contracting for a while now, and the small February increase in production makes no marked difference to the recent trend. Thanks to the sharp drop in production in January, it is likely that production for the full first quarter has declined again compared to the fourth quarter of last year....
Decent Eurozone Production Figures Are No Break From A Weak Trend