05/15/18: Eurostat reported today that industrial production at Eurozone factories, mines and utilities rose at a slightly faster pace during March, the latest month for which data are available, increasing by 3.0%, as compared to the prior month, following a 2.9% increase during February.
Separately, the Centre for European Economic Research (“CEER”, or “ZEW” in German) reported that its ZEW Index, which measures the economic sentiment of Eurozone institutional investors, rose during the first half of May for the first time since January of this year, albeit by a very small degree.
China Retail Sales Rise at Slower Rate While Industrial Production Rises at Faster Rate
Separately, China’s National Bureau of Statistics (“NBS”) reported that sales at the country’s retail stores rose at a slower pace during March, the latest month for which data are available, increasing by 9.4%, as compared to the same month a year ago, following a 10.1% and 9.7% year-over-year rate of increase during February and January, respectively.
In contrast, China’s NBS reported that industrial production at the country’s factories, mines and utilities rose by 7% during March, as compared to the same month a year ago, following a 6% year-over-year increase during February.
The economic developments mentioned above indicate that the Eurozone’s and China’s economies are continuing to expand at a healthy pace.