From Eurozone, on Friday, French Industrial Production figures were released. In December 2017, output grew slightly in the manufacturing industry (+0.3% after −0.8% in November). It increased in the whole industry (+0.5% after −0.3%). Output increased sharply over the last quarter of 2017 in the manufacturing industry (+2.5%) as well as in the overall industry (+2.2%).Output went up markedly in “other manufacturing” (+2.9%), in the manufacture of machinery and equipment goods (+4.1%) and in the manufacture of transport equipment (+2.3%). It increased slightly in mining and quarrying, energy, water supply (+0.2%). Conversely, it decreased in the manufacture of food products and beverages (−0.7%) and in the manufacture of coke and refined petroleum products (−1.0%).
Manufacturing output of the last quarter of 2017 grew strongly compared to the same quarter of 2016 (+4.9%), as well as in the whole industry (+4.2%). Over a year, output grew strongly in “other manufacturing” (+5.3%), in the manufacture of transport equipment (+8.8%) and in the manufacture of machinery and equipment goods (+6.3%). On the contrary, it diminished in mining and quarrying, energy, water supply (−0.7%) and in the manufacture of food products and beverages (−0.6%). It fell sharply in the manufacture of coke and refined petroleum products (−6.4%).
There will be no major data releases both from Eurozone and the USA on Monday, so we can expect a bit steadier session.
