Eurozone Industrial Production Holding up Well, Despite Covid-19
Skerdian Meta • 1 min read
The Eurozone economy is probably heading towards another recession, with the increased restrictions due to coronavirus, which are increasing further as we head towards the Christmas period. However, larger businesses and corporations have been doing well during this pandemic, as earnings from the large companies have shown recently.
Industrial production dipped back in August/September, after the jump following the March/April dive, but it picked up again in October, which shows that this sector won’t have too much trouble during this second lock-down period, although in October the restrictions were just starting, so let’s wait and see in the coming months.
- October industrial production MoM +2.1% vs +2.0% expected
- September production MoM -0.4%; revised to +0.1%
- Industrial production YoY WDA -3.8% vs -4.4% expected
- September production YoY -6.8%; revised to -6.3%