View more on these topics

Industrial production rises in the eurozone

Industrial production rose by 0.5% in the eurozone in May, the first month-to-month increase since August last year.

The 27 largest European Union (EU27) countries recorded industrial production growth, albeit at a lower rate of 0.1%, according to estimates released by Eurostat, the Statistical Office of the European Communities.

Still, on a year-to-year basis, industrial production declined by 17% in the eurozone and by 15.9% in the EU27.

Howard Archer, the chief British and European economist at IHS Global Insight, says it is premature to deduce anything more than that the eurozone manufacturing sector is experiencing a bounce.

He says for a significant, sustainable manufacturing recovery to develop, there needs to be an extended pick up in orders in both domestic and foreign markets. And this remains highly uncertain.

According to IHS Global Insight data, the eurozone manufacturing sector is still far from robust, despite significant improvements.


Related Articles:
Eurozone unemployment soars to decade high
Eurozone industry slumps


Recommended

M&G launches offshore mirror Woolnough fund

M&G has launched an offshore version of Richard Woolnough’s Strategic Corporate Bond fund. The Guernsey fund was launched on Friday (July 10) as a direct feeder fund exclusively linked to Woolnough’s Strategic Corporate Bond fund.M&G says it was launched in response to demand from its offshore client base, and complements the existing offshore fund range […]

Split capital

I have just agreed the financial settlement on my divorce. What should I do now?

The future of active management is now

Fees under pressure. Regulatory moves against closet indexers. Rapid advances in financial technology. Shifting sentiment among investors. Such mounting challenges have led to widespread speculation about active management’s shrinking future. But a closer look inside intelligent portfolio construction today tells a story of expanding roles, added value, and innovative risk-adjusted, lower-cost solutions. Four investment experts […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment