Markets await France’s December Inflation and Euro Area’s November Industrial Production reports

France's December inflation report and Euro Area's November industrial production report are due to be released today. The euro area flash December CPI estimate, which has already been released by Eurostat, is weaker than forecast on a yearly basis, recording a rate of just 0.2%. The weaker food and services inflation offset optimistic energy price base effects.

Industrial output of Euro area is likely to have dropped on a monthly basis by about 0.3%. However, national figures released for France and Germany indicate downward risks. The figure might be as low as a fall of 0.5%. Nevertheless, PMI evidence shows that the manufacturing sector recorded a positive growth at the end of 2015.