Industrial Production (Sep 2019)........>

FRANCE DATA: Industrial Production (Sep 2019) Preview - 0745 GMT

----------------------------------------------------------------------- 

- IP: BBG Cons: 0.4% m/m, 0.3% y/y; Prev (Aug): -0.9% m/m, -1.4% y/y 

- Manuf Prod: BBG Cons: 0.2% m/m, 0.1% y/y; Prev (Aug): -0.8% m/m, -1.6% y/y 

- French IP is expected to rebound after Aug's slump to -0.9% with markets

pencilling in a 0.4% uptick. 

- This would leave the quarterly rate at -1.0% in Q3 after two consecutive

positive quarters (Q2: 0.2%; Q1: 0.9%) 

- Y/Y IP is forecast to rise by 0.3% in Sep following a downtick by 1.4% in Aug 

- Fwd-looking survey evidence provides mixed signals: 

- France's manuf PMI posted a monthly gain in Oct, with the report noting an

increase in output and staff levels as well as in new export orders. 

- Meanwhile, the Insee's bus conf survey showed manuf sentiment dropping to its

lowest since Mar 2015 in Oct, while the equivalent BOF index cooled to 96 in Sep

- The European Commission's ESI remained broadly unchanged in Oct, with

industrial confidence ticking up by 0.4pt to -7.4