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Eurozone GDP, UK manufacturing and industrial production data to watch out – Danske Bank

FXStreet (Delhi) – Research Team at Danske Bank, suggests that the market fosuc today will be on the release of Eurozone Q3 GDP numbers in addition to the UK manufacturing and industrial production data.

Key Quotes

“In the euro area the second release of Q3 GDP figures is due. We expect growth of 0.3% q/q as shown by the preliminary numbers. The components will also be released and here we expect to see that private consumption has been the main driver.”

“In the UK data for the manufacturing and industrial production in October are due. Manufacturing production was solid in August and September, reversing the weakness in May-July. We look for a decline of 0.3% m/m in October due to the volatile nature of the data. That said, it is worth noting that there is a large overhang in manufacturing production, suggesting that it will probably not pull down growth in Q4 unless it surprises on the negative side during Q4.”

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