Euro area industrial production likely to have remained flat in December 2017

In the whole of 2017, euro area’s industrial production accelerated. Indeed, in the months of October and November, the industrial output rose a combined 3.5 percent year-on-year. The December data is set to be released this week that will show how the industrial output ended the year in 2017.

Even if there is preliminary GDP data for the fourth quarter that shows that the real GDP expanded 2.7 percent, the industrial production data will provide some insights to analysts into the momentum the industrial sector had coming into 2018, noted Wells Fargo in a research report. According to consensus expectations, the industrial production is expected to have grown 0 percent in December, as compared with 1 percent growth seen in the prior month.

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