Spain January industrial production m/m -2.6% vs 0.0% expected

Latest Spanish industrial output figures — 9 March 2018

  • Prior m/m +0.9%; revised to +1.1%
  • Industrial output y/y +1.2% vs +5.1% expected
  • Prior y/y +6.1%; revised to +5.8%

A big miss on Spanish industrial output figures as well. Goes in tandem with Germany and France figures earlier in the day.
They’re not major data points, but certainly you can tell that a pattern is developing here.
EUR/USD at 1.2319 barely changed on the data release, EUR/GBP at 0.8912, and EUR/JPY at 131.47.
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