14 Jul 2014
EZ industrial outputs disappoint - BBH
FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman noted the disappointments from the EZ industrial outputs.
Key Quotes
"Four euro area countries reported industrial output figures and they all disappointed with some declines in excess of 1% in May. This prepared the market for today's news a 1.1% decline on the aggregate level. It more than offsets the 0.7% (was 0.8% before the revision) gain in April and is the second decline in three months."
Key Quotes
"Four euro area countries reported industrial output figures and they all disappointed with some declines in excess of 1% in May. This prepared the market for today's news a 1.1% decline on the aggregate level. It more than offsets the 0.7% (was 0.8% before the revision) gain in April and is the second decline in three months."