ANNUAL AVERAGE INDUSTRIAL PRODUCTION IN EUROPE REACHED RECORD LEVELS.
Europe Industrial Production will rise, albeit at a slowing pace, through the remainder of 2018 before decline characterizes the majority of 2019. Downward movement in the Europe Leading Indicator and Europe Manufacturing Purchasing Managers Index rates-of-change corroborate our outlook for rate-of-change decline for Europe Industrial Production through at least early 2019. It is plausible that certain sectors of the economy will be able to avoid overt decline, but be prepared for less robust market conditions, such as slowing growth, nonetheless.
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