CHART OF THE DAY: Eurozone Industrial Production Slows Further

A quick update on key European data releases over the past 48 hours:

• September Germany Zew Economic Sentiment remained negative at -11.4;
• Spain and Portugal CPI both accelerated;
• July U.K. Construction Output and Industrial Production both decelerated;
• July U.K. GDP slowed to 0.0% from 0.9% in June; and
• Finally, Eurozone July Industrial Production slowed to -2.2%.

In a nutshell: economic data continues to slow in Europe, while inflation remains high and sticky.