The Day at a Glance | January 15 2024

*Industrial production in the Eurozone decreased -0.3% m/m and -6.8% y/y in November. 

*Germany avoids falling into a recession despite shrinking 0.3% in 2023. 

*Trump seeks a decisive blow as Iowa issues its first verdict on the Republican race. 

*US Congress leaders presented a provisional bill to prevent a government shutdown. 

*China´s military and government acquire Nvidia chips despite the US ban. 

*Taiwan’s president-elect Lai Ching-te may face four challenging years in office without a parliamentary majority.

Economic environment

Industrial production in the Eurozone fell by -0.3% m/m and -6.8% y/y in November. Within the figures, a decline was also observed in November compared to October: -2.0% in the production of durable goods, -0.8% in capital goods, and -0.6% in intermediate goods. Meanwhile, the production of energy and non-durable goods grew by 0.9% and 1.2%, respectively, according to seasonally adjusted figures. Regarding annual comparison, the following variations were recorded: -10.3% in capital goods, -8.0% in durable consumer goods, -6.9% in non-durable consumer goods, -5.2% in intermediate goods, and 0.8% in energy, also according to seasonally adjusted figures.