MNI: GERMAN DATA: Industrial Production (Aug 2019)...>

MNI: GERMAN DATA: Industrial Production (Aug 2019) Preview - 07:00 BST

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- Bloomberg Consensus: -0.1% m/m, -4.3% y/y; Prev (Jul): -0.6% m/m, -4.2% y/y 

- Markets look for the German monthly IP to fall for the third successive month

in August, although at a slower pace than in July. 

- On the other hand, yearly output is forecast to deteriorate again in August. 

- Forward-looking indicators paint a downbeat picture: 

- Germany's PMI slumped to a 10-year low in September (41.7), which was driven

by a sharp fall in output and new orders.

- As the ifo expectations index fell further in September, the European

Commission's ESI touched an 83-month low for German industry sentiment. 

- The outlook for Germany's manufacturing sector remains challenging given the

unresolved global uncertainties (Brexit, trade wars, tariffs, etc) that continue

to weigh on sentiment, investment and demand.