EUR data due Wednesday - Industrial Production for October

Preview for IP date from the eurozone coming up at 1000GMT on Wednesday 12 December 2018

Via Barclays:

• We expect EA IP to only partially unwind recent weakness, rising by a paltry 0.1% m/m in October. Automotive regulation changes and the deteriorating global backdrop remain at play.

Via HSBC:

• Eurozone industrial production fell 0.3% m-o-m in September, but grew +0.9% y-o-y on an annual basis. The weakness was particularly evident in France (-1.8% m-o-m) and Italy (-0.2% m-o-m), two key manufacturing economies within the eurozone, which account for over a quarter of total industrial output across the bloc.
• Capital goods was the strongest subcomponent in the eurozone, rising 2.5% y-o-y, whilst durable consumer goods fell 2.5% y-o-y.
• At the time of writing, Spain is the only big four country to have provided data for October, releasing an encouraging 1.2% m-o-m print. We expect the eurozone to bounce-back to +0.7% m-o-m (+1.2% y-o-y) as the automobile sector recovers and with the September print creating a weak basis of comparison.