Macro - Weekly Briefings - Eurozone
Data published this week reveal a clear divide between industry and services. Production data for March show that industrial activity was hit by new supply chain disruptions and soaring energy costs. Germany's data was particularly worrying, with a monthly drop of around 4%, but other countries, such as France and Spain, also posted negative outturns. Production is very likely to rebound in April, but recent high-frequency indicators suggest it will not offset the March drop.
- Please Note: Due to the brevity and/or nature of the content posted, there is no table of contents available for this report.
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