Research (Česká spořitelna)
Macroeconomics  |  December 13, 2012 09:57:29

Eurozone - industrial production fell by 1.4%


After weak data in recent days from Germany and France yesterday published surprising drop in industrial production for the entire EMU. It fell by 1.4% m / m (+3.6% y / y). Given that the risk of a chaotic, uncontrolled collapse of EMU due to intervention by the ECB in the past year significantly decreased and that is also a process of fiscal tightening in EMU generally gets into the milder stage, we believe that the production (and the economy in general) in the coming months to reach the bottom . It finally suggests already some leading indicators - German orders or IFO / PMI improved in recent months. Growth after reaching the bottom, however, it will be very slow households and firms remain vigilant. Per data did not respond.

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Eurozona - průmyslová produkce poklesla o 1,4%

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