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MNI: EUROZONE DATA: Industrial Production (Mar.......>

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MNI: EUROZONE DATA: Industrial Production (Mar 2019) Preview - 10:00 BST
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- Bloomberg Consensus: -0.3% m/m, -0.8% y/y; MNI Median: -0.3% m/m, -0.7% y/y
- Previous (Feb): -0.2% m/m, -0.3% y/y
- After posting its strongest monthly gain in Jan (+1.9%) since Nov 17... 
- ... markets expect EZ IP to have declined for a second month running in Mar
- Despite an increase in Germany (+0.4%), a small m/m decline looks likely for
the EZ as a whole...
- ... given that output contracted by 0.9% in both France & Italy and declined
by 1.2% in Spain
- The market forecast implies that after falling by 1.1% q/q in Q4, EZ
industrial production rose by 0.6% in Q1
- But with Apr business surveys registering at levels consistent with further
declines in production...
- ... the outlook for EZ industry remains feeble, hampered by still-subdued
external demand

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