German figures may hit Euro area IP in Q3

Euro area industrial production data for September is due today. The month on month industrial figure of the economy posted negative growth rate in previous month is likely to continue same growth rate in September also.

The poor performance of the German industrial production numbers is expected to pull the overall growth rate of the region down. 

In Spain, the figure stood at 1.2% mom, and a similar growth rate is foreseen in France also. This is expected to compensate the German's performance. 

"The euro area industrial production is likely to print -0.4% growth in September. The overall effect is likely to be an increase of 0.9% year on year but no change versus the previous quarter", estimates Societe Generale.