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MNI: FRANCE DATA: Industrial Production (Mar 2019)...>

MNI: FRANCE DATA: Industrial Production (Mar 2019) Preview - 07:45 BST
- Bloomberg Consensus: -0.5% m/m, -0.1% y/y; MNI Median: -0.6% m/m, -0.1% y/y
- Previous (Feb): 0.4% m/m, 0.6% y/y
- After increasing for three consecutive months, markets look for industrial
output to have contracted slightly in Mar...
- Reassuringly, Feb's gain was driven largely by core manufacturing... 
- ... intermediate & capital goods production continued to trend higher...
- ... & a rebound in consumer non-durables offset another decline in durables
- For Q1 as a whole, production is on course to have boosted GDP growth, after
having been a modest drag in Q4
- Elevated global uncertainty remains the key near-term downside risk
- Businesses & consumers remain wary amid a number of unresolved issues (e.g. US
auto tariffs, Brexit)...
- ... as reflected in recent surveys such as the manufacturing PMI, which
registered at the 50 no-change mark in Apr (up slightly from 49.7 in Mar)

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