Energy-intensive industrial production set to fall further
Production in the euro-zone’s most energy-intensive manufacturing sectors rose in March and April, despite the jump in oil and natural gas prices. This is because firms’ gas and electricity costs did not rise immediately, and the closure of the Strait of Hormuz prompted a temporary period of stock building. But production in these sectors has dropped back more recently and we think it is most likely to fall further.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.
