Track EZ Industrial Production m/m to gauge Eurozone economic health and business cycle responsiveness.
This indicator serves as a key barometer for economic health, as production responds swiftly to fluctuations in the business cycle. It is closely linked to consumer factors like employment rates and income levels. Its impact is generally moderate, given that Germany and France, which contribute roughly half of the Eurozone's economy, release their production data before this report.
What it Measures
It reflects the change in the total inflation-adjusted value of output generated by manufacturers, mines, and utilities.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it is favorable for the currency.
Source & Frequency
Eurostat (latest release) - https://ec.europa.eu/eurostat/web/main/home • This report is published monthly, approximately 45 days after the closing of the previous month.
How Data is Derived
N/A
Also Known As
Industrial Output
Acronym
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