Flat French August Industrial Production a positive surprise - BNP Paribas

FXStreet (Łódź) - BNP Paribas economist Hélène Baudchon suggests that the unchanged August French Industrial Production was a optimistic development, as market consensus pointed to a 0.2% decrease.

Key quotes

"The French industrial production stability in August is a positive surprise given the deterioration in French business confidence surveys and the German economic situation."

"IP Q3carry-over remains strong at +0.6% t/t, contributing to raise the odds of a slightly positive GDP growth number in Q3."