Latest data released by Eurostat – 13 June 2019
- Prior -0.3%; revised to -0.4%
- Industrial production WDA -0.4% vs -0.6% y/y expected
- Prior -0.6%; revised to -0.7%
Yet another drop on the month for industrial activity but that falls in-line with expectations despite a notable drop in German factory activity in April. A minor data point but this feeds into overall sentiment of softer conditions in the euro area economy seen in Q2 so far.