Bad is Good

Italian Industrial Production in December plunged 0.9% vs expectations of no change. According to Markit, both the Italian Service and Retail sectors are in contraction. Manufacturing is doing better.

Rewarded by market participants:

“Italian 10-Year Yield drops to 3,675%, lowest since February 2006.” (Bloomberg)

Industrial Production.

Industrial Production Italy

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s