Better than expected European industrial production numbers – comment

Commenting on better than expected European industrial production numbers, Artur Baluszynski, Head of Research at Henderson Rowe, said: “Better than expected data but the key to any sustainable rebound would be real progress in the trade war between the US and China. Industrial production is 1.7% down YoY and German data on Thursday is likely to confirm a technical recession. We would need to see a real de-escalation of the tariff rhetoric to see any meaningful reversal in the global economic deceleration.”