Eurozone – May Industrial Production
12/07/2018 06:02 pm MYT
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In May, industrial production rose 1.3% from the previous month. This was mainly due to a broad-based increase in output from all the major sectors – see table 1. On a year-on-year basis, industrial production rose 2.4% in May – see figure 1.

Except for France, industrial production rose in all the major Eurozone countries on a month-on-month basis. Year-on-year, output growth accelerated in Germany and Italy, while it slowed in France – see table 2.

 

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The much-awaited talk between president Xi Jinping and Donald Trump at the G-20 Summit in Buenos Aires ended with a tariff truce between the two economic giants. The US stock markets rallied in response. However, the rally was short-lived when the markets realised that there are still many uncertainties in the trade conflict between the two countries. In addition, a section of the US yield curve became inverted for the first time in more than a decade, signaling a potential recession in the US economy.

i Capital has advised subscribers since last year to watch the US yield curve carefully and it has also asked a number times whether the US economy is about to enter into a recession. Although chairman Powell has caved in to Trump’s crude bullying, the threat of the US yield curve fully inverting and a 2019 US recession has not subsided.

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