- Sentix
Spain's industrial sector recovered in November on a non-seasonally adjusted basis. Industrial production surged 5.7% on year in the reported month, following a revised 0.2% decline in October. Moreover, industrial output increased 4.2% on a seasonally adjusted basis in November, compared with October's print of 4.1%. However, Markit's manufacturing PMI data showed a decline in activity in December to 53.0, down from 53.1.
A separate report showed, Euro zone investor sentiment weakened more than expected in January as uncertainties over China's equity market and weaker global growth weighed on expectations. The investor sentiment index dropped to 9.6 in January from 15.7 in December, results of a survey by Sentix. It marked the first decline since October and was the weakest reading since January 2015. The sentiment was predicted to decline to 11.8. The robust current situation offset the slump in expectations. The current situation index dropped to 13 from 13.5 in December. A sub-index of expectations for the euro zone economy plunged to 6.3 from 18.0 in December, the lowest level since November 2014. An index tracking Germany, Europe's biggest economy, fell to 18.1 from 22.7, the weakest reading since October.
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