Latest data released by INSEE - 8 June 2018
- Prior -0.4%
- Industrial production +2.1% vs +2.9% expected
- Prior +1.8%; revised to +1.9%
- Manufacturing production +0.4% vs +1.3% m/m expected
- Prior +0.1%; revised to +0.3%
- Manufacturing production +3.0% vs +3.7% y/y expected
- Prior +0.4%; revised to +0.5%
A miss relative to estimates as well, similar to the German figures earlier. Softer figures here continue to highlight the limping Eurozone economy in Q2.
If May figures continue to underscore such softness, it'll be tough to imagine Q2 economic growth being substantially better than Q1.
