Eurozone industrial production and German ZEW in focus – Nomura

Analysts at Nomura forecast euro area industrial production to increase by 0.8% on a month-on-month basis in March.

Key Quotes

“Over the past week we have seen Italian, German and Spanish industrial production numbers surprise the consensus on the upside, and we expect the regional industrial production data to reflect this unexpected improvement.”

“Germany ZEW Index: Reflecting the recent improvement in market sentiment and some new-found stability in the recent German Sentix survey, we expect the ZEW economic expectations index to improve very modestly to -5.4 in May after -8.2 in April.”