EMU

The industry is weakened

The industrial production of the EMU fell for the third consecutive month in February (-0.8% vs-0.7%, accumulated in the two previous months), accusing the recession registered in Germany (-1.6% vs 0.1%) and, to a certain extent, in Italy (-0.5% vs-1.8%), which more than compensated the registered advance in France and Spain (1.2% and 1.5%, respectively). The industrial sector has been weakened in the beginning of year, accusing the temporary deceleration of the demand in the economies developed and, probably, the assessment of the euro, but the expectations for this year continue being positive.

Source: Bankia Studies