Eurozone industrial production plunges; hopes “nadir” has been passed

12 June 2020

 

Summary: eurozone industrial production suffers another huge contraction in April; monthly figure better than consensus estimate, worse than March; contraction worse in large economies.    As with other countries’ measures of industrial production, Eurostat’s industrial production index measures the output and activity of industrial sectors in euro-zone countries in aggregate. Following a recession in 2009/2010 and the debt-crisis of 2010-2012 which flowed from it, euro-zone industrial production recovered and then...

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