Eurozone: Industrial production to grow 0.8 percent YoY in August – Wells Fargo

Research Team at Wells Fargo, suggests that the consensus expects the Eurozone’s industrial production to rebound and grow 0.8 percent year over year in August.

Key Quotes

“The Eurozone has weathered the Brexit shock quite well, as any blowback from the vote has not weighed too heavily on the economy as originally expected. However, in the month following the United Kingdom Brexit vote, Germany and France, two of the euro-area’s largest economies, posted disappointing industrial production, and it came as no surprise when the Eurozone’s industrial production weakened in July as well—slipping 0.5 percent year over year.

German industrial production grew at a strong 1.9 percent clip year over year and was up 2.5 percent from the month prior. This, paired with solid French industrial production monthly and annualized figures, should help paint a better picture of the current condition of the Eurozone’s industrial production.”