Summary

• In April, production data held firm despite the headwinds from the Middle East.
• But the trade surplus has shrivelled as energy and other goods imports surge.
• Growth was broad-based between consumer, capital and intermediate goods.

By Bert Colijn, Chief Economist, Netherlands

Production continues to hold up, a deal can help to keep it that way

Eurozone industry has held up reasonably well so far, despite a new energy crisis unfolding. The 0.1% monthly