Latest data released by INSEE - 7 September 2018

  • Prior +0.6%; revised to +0.7%
  • Industrial production +1.8% vs +1.0% y/y expected
  • Prior +1.7%; revised to +1.8%
  • Manufacturing production +0.5% vs +0.2% m/m expected
  • Prior +0.6%; revised to +0.7%
  • Manufacturing production +1.9% vs +1.5% y/y expected
  • Prior +1.6%; revise to +1.8%

Positive beats along with positive revisions to boot. That's some good news as compared to German factory activity and that will provide some relief for Eurozone economic outlook in Q3 at least. Not data points that will have an immediate impact but this feeds into overall economic sentiment towards the Eurozone economy.