2017.01.1103:39:00UTC+00Euroarea Industrial Production Seems to have recovered in November

Euro area industrial output is expected to have rebounded in November, reflecting positive signs for the fourth quarter. The output is likely to have come in strong. According to a Societe Generale research report, the euro area industrial production is expected to have grown around 1.2 percent on a sequential basis.

Germany is likely to have recorded a healthy print, while France is expected to have seen a strong recovery in the output growth. With a constant profile into December, it might lead to a 0.8 percent quarter-on-quarter rise in the fourth quarter of 2016. The manufacturing PMI for December was markedly strong, although a more robust quarterly gain might be recorded, added Societe Generale.

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