Data just out

  • -1.1% prev revised down from -0.8%
  • yy +1.6% vs +0.2% exp vs -0.9% prev revised down from -0.8%
  • mftg production mm +2.2% vs +1.0% exp vs -1.3% prev revised down from -1.0%
  • yy +2.0% vs +0.5% exp vs -1.3% prev

Better than expected headlines outweighing the downward revisions

Also out: French budget deficit Aug ytd 4-89.7bln vs -79.8bln prev

Euro still treading water