Industrial Production (Dec 2019)......>

EUROZONE DATA: Industrial Production (Dec 2019) Preview - 1000GMT

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- Bloomberg Consensus: -2.0% m/m, -2.5% y/y; Prev (Nov): 0.2% m/m, -1.5% y/y. 

- EZ IP is expected to slump to a near four-year low in Dec following Nov's

rebound to a three-month high 

- Annual output is expected to drop to -2.5% which would be the fourteenth

consecutive negative rate. 

- Output (ex-construction) fell m/m in the EZ's 4 largest economies in Dec with

France (-2.8%) showing the biggest drop, followed by Italy (-2.7%), Germany

(-2.5%) and Spain (-1.9%) 

- The EZ's manuf PMI recorded another sub-50 reading in Jan, marking the twelfth

successive month in contraction. 

- However, the index dropped to a two-month low in Dec and Germany remains the

main source of weakness. 

- While the European Commission's ESI ticked up in Dec and Jan, manufacturing

sentiment fell back to Oct's six-year low in Dec and rose only slightly in Jan.