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8 Aug 2022 EZ Monitor H2 will be Difficult for EZ Manufacturing

Claus Vistesen (Chief Eurozone Economist)5th Aug 2022 15:17Eurozone, Daily Monitor

Industrial production firmed in Germany, France and Spain in June, but it fell in Italy.

Advance data suggest that EZ industrial production was unchanged in June, factoring-in a fall in Ireland.

Industrial output fell by less than we feared in Q2, but leading indicators still point to a difficult H2.

April August base effects capital goods construction consumer consumer goods consumers ec survey electricity energy euro euro area ez forecasts france french gdp gdp growth growth index industrial output industrial production inflation input costs intermediate goods italy June leading indicators manufacturing metals new orders new orders index orders petroleum pmi production q1 q2 q3 remain russia September spain spanish survey surveys vat vat cut winter

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