Edited by Peter Hillerberg2 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Euro-area industrial production fell to an index reading of 97.5 in August. That is the weakest August reading in five years, according to the Eurostat industrial production index. The decline was not a one-month blip. Output has now fallen for three consecutive months.
Across the Channel, the picture could not be more different. UK manufacturing output reached 102.3 in August, the largest August reading since records began in 1948. It beat the previous best of 101.1 set in August 2024, according to the ONS Manufacturing Output Index. The two readings sit side by side: a bloc grinding lower, a neighbour at a historic peak.
US airports offer a steadier picture. Domestic passengers enplaned reached 77.8 million in July, rising for a third consecutive month, according to Bureau of Transportation Statistics airport passenger data. International enplanements also rose for a third straight month, reaching 11.5 million. Consumer willingness to spend on travel has not faded.
Latvia's nearly-new car market added another data point on demand. Registrations reached 72 vehicles in September, up 200% on the same month last year and the largest September on record since 2000, topping the previous best of 56 set in September 2007, according to Latvian vehicle registration data by make. Colorado battery-electric vehicle registrations, tracked by the Atlas EV Hub, were up 16% year-on-year in July.
German car registration data has a measured, out-of-sample lead on revenue for both GM and TSLA, which report on 20 and 21 October respectively. For the full quarter, three of three months are in. The German cars dataset leads GM revenue by 15 days and is running at plus 133% versus the same quarter last year. It leads Tesla revenue by 43 days and is running at plus 269% on the same quarter last year. Those are where the data points so far, not a revenue forecast.
RNO reports on 22 October. Austrian car registrations, which have a measured lead on Renault revenue by 32 days, are running plus 6% year-on-year with all three months in. Dutch car registrations, with a 43-day measured lead, are running minus 40% year-on-year over the same period.
One energy reading sits apart from the rest. NRC reactor status data showed a NEE reactor running 10.0 standard deviations below its own output history on 14 October.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data and reviewed by the ORTEX team. Content is informational only and does not constitute investment advice.
