Eurozone Industrial Production Drops 1.1% Year-Over-Year to Miss Forecast

Global Markets6 days ago

Fresh economic data released on Oct. 15 reveals a sharper than anticipated contraction in the volume of goods produced across the currency union's industrial sector. Industrial production fell 1.1% year-over-year, significantly missing the market forecast of a 0.1% decline and marking a downturn from the previous reading of 0.0%.

The 1 percentage point gap between actual output and expectations indicates an acceleration in the industrial downturn for factories and mines across the bloc. The figures were reported at 09:00 UTC as part of latest macro data updates for the euro area.

Mapped to your portfolio

Possible scenarios

45%Shallow Industrial Slump-0.4%
30%Early Stabilization Appears+0.4%
15%Policy Support Builds+0.2%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

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Eurozone Industrial Production Drops 1.1% Year-Over-Year to Miss Forecast

In this story

Eurozone

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Mapped to your portfolio

Possible scenarios

45%Shallow Industrial Slump-0.4%
30%Early Stabilization Appears+0.4%
15%Policy Support Builds+0.2%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.