Bert Colijn, senior economist at ING, notes that the Eurozone’s monthly industrial production declined by 0.9% in December as temporary factors and downside risks continue to weigh on industry, making a swift recovery in 1Q unlikely
“Trade wars, emission standard related production delays, yellow vest movements and slowdowns in emerging markets have all played a part in the weakening of production over recent months, causing two quarters of declining production.”
“While the headline figure was much worse than anticipated, durable goods production increased in December and intermediate goods production was flat after a sharp decline in November.”
“There are also some signs of life for industry. Exports from Germany improved significantly in December and new orders outside of bulk also increased. In France, exports even contributed positively to GDP growth. A delayed recovery from temporary factors is expected in the months ahead, which could result in a modest pick-up in the second quarter.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.