Analysts at Nomura expect Eurozone industrial production in December to increase by 0.5% on a month-on-month basis.
“Although Germany’s industrial production fell 0.6% m-o-m that decline was mostly owing to a payback from an outsized gain in November (+3.4% m-o-m). By contrast, the figure for Spain’s industrial production was much healthier (on the month) and we assume similar, sturdy monthly gains from the Eurozone's other major economies. This would be in line with forward-looking PMI survey data.”
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