020 7898 0500The eurozone is on a bit of a roll at the moment, but in the wrong direction. Several data releases have come in below expectations throughout the first quarter of 2018 and yesterday was no different as industrial production figures surprisingly shrank by 0.8% in February. It had been expected to grow by 0.1%.
Year-on-year, industrial production increased by 2.9% in February against an expectation of 3.7%. The figure still shows healthy growth, but it is slightly concerning and perhaps expectations of the eurozone’s 2018 were a little optimistic.
Today we have a few data releases, including the German inflation rate for February. It is expected to have climbed to 1.6% in March from 1.4% in February. We will also see the eurozone’s balance of trade report for February.
