Euro Area's industrial production likely picked up in October

Euro Area's industrial production month on month on seasonally adjusted basis is likely to show a pick up from the September's drop as expected by the consensus, at 0.2%, rising from -0.3%.

The industrial production year on year is expected by consensus to be 1.2%, which is slightly dropping from previous recording of 1.7.

Consumption continues to be the main driver of this recovery, despite of weaker IP in Germany and better ones in France and Spain.

"Euro area industrial output should have increased by 0.6% mom in October, and 1.7% yoy", estimates Societe Generale.