Industrial production in Germany reported in August, an annualized decline of 2.8%, worse than the 2.7% the previous month and down 0.5% expected. On a monthly basis seasonally adjusted variation shows a real collapse, -4% against the previous reading of 1.6% and -1.5% expected by the market.
In Britain, the industrial output showed no change in August, compared with 0.4% in July, in line with expectations. On-year, the index rose by 2.5%.
The International Monetary Fund has cut its growth forecasts on Italian GDP, indicating a 0.2% this year (down 0.1% from the estimate of September) and an increase of 0.8% in 2015 (dl +1, 1%).
Filed down even the forecasts for the overall GDP of the Euro (for 2014 to 0.8% from 1.1%, and for 2015 to 1.3% from 1.5%). The recovery is struggling more or less everywhere, except for the United States. With regard to Italian, is now seen at 0.1% for 2014 from the previous 0.4%, while for 2015 to 0.5%. The unemployment rate at 12.6% in 2014 and 12.0% in 2015.
The spread BTP / Bund 10 years is stable to 144 bp, with the ten-year treasury bonds at 2.34%.
