From Eurozone, on Thursday, only minor importance Industrial Production and French CPI data was released. Eurozone Industrial Production fell by 0.1% in January, missing forecasts on 0.3% rise. The decrease of 0.1% in industrial production in the euro area in January 2015, compared with December 2014, is due to production of durable consumer goods falling by 2.2% and intermediate goods by 0.5%, while capital goods and non-durable consumer goods both increased by 0.1% and energy by 0.9%.
Earlier today, French CPI figures were released. CPI grew by 0.7%, after a decrease by 1.0% in January. Year-on-year, consumer prices diminished again (—0.3% after —0.4% in January). In February 2015, the main contributors to the price rises were the seasonal increases in manufactured product prices at the end of winter sales and in tariffs of services linked with winter holidays. Some upward pressures came also from the rebound of petroleum product prices and a new increase in fresh foodstuff prices.
This week markets will be looking at:
German ZEW Economic Sentiment/ZEW Economic Sentiment (Tuesday 11:00)
Targeted LTRO (Thursday 11:15)
