Industrial production in the Eurozone missed estimates, falling 0.80% in February more than analysts' forecasts of a 0.60% decline. The dip in February follows January's downward revised print of 1.90% against earlier estimates of 2.10%. The weak industrial production data came with weaker data from Ireland and Greece weighing in on the headline print. Among the sectors, consumer goods and energy production saw the biggest drag while capital goods saw marginal declines. Non-durable consumer goods fell 1.80% with intermediate goods staying stable. Over the year, industrial production rose 0.80%, missing expectations of a 1.20% increase.
PBoC Weakens Yuan, Risk Aversion Jumps
Daily Analysis - 14/04/2016