Eurozone industrial production and the US producer prices in focus today - Rabobank

Analysts at Rabobank suggest that the Eurozone industrial production is expected to fall 0.5% m/m in July, according to the median economist estimate.

Key Quotes

“This would be a smaller decline than 0.7% in June.”

“We will also hear from European Commission President Juncker who will deliver his annual State of the Union address to the European Parliament. Reuters reported that Juncker will urge the EU to flex its potential strength as a world power as the United States pulls back from international engagement.”

“In the US, producer prices are anticipated to increase 0.2% m/m in August after staying flat in July with the annual growth edging lower to 3.2% from 3.3%. Excluding food and energy prices are expected to stay at 2.7% y/y.”