- Summary:
- Industrial production came in at 0.9% month over month strongly beating the expectations of 0.2% in May and after dropping by 0.4% in April,
Industrial production came in at 0.9% month over month strongly beating the expectations of 0.2% in May and after dropping by 0.4% in April, On year over year basis, the factory output shrunk by 0.5% in May versus forecasts of -1.6%.
The main increase came from capital goods that came in at +1.3% month over month.
Finally we got a good number from EU, as the industrial production jumped the most in four months.
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