Eurozone: Industrial production likely to decrease 0.5% in September - Nomura

Analysts at Nomura point out that Germany and Spain have already reported industrial production data, showing that IP ex-construction decreased in the month of September.

Key Quotes

“Following new emission standard rules that adversely affected car production in al EA countries, we expect EA industrial production to echo the message sent by these two countries that have already reported. We forecast a 0.5% m-o-m decrease in IP, which follows a 1.0% m-o-m increase in August.”