The decline was broad-based, affecting all sectors of use (except intermediate goods) as well as Europe's largest countries (Italy managed a small m-o-m gain):
So far, all major European markets are in the red for the day:
Thursday, December 12, 2013
Europe: Disappointing Industrial Production
Contrary to an upbeat PMI Manufacturing report earlier last week and expectations for a 1%+ gain, Industrial Production in the Eurozone fell more than 1% compared to the previous month and remained barely positive when compared to last October:
The decline was broad-based, affecting all sectors of use (except intermediate goods) as well as Europe's largest countries (Italy managed a small m-o-m gain):
So far, all major European markets are in the red for the day:
The decline was broad-based, affecting all sectors of use (except intermediate goods) as well as Europe's largest countries (Italy managed a small m-o-m gain):
So far, all major European markets are in the red for the day: