29 August 2019
- The production from the renewable sources will see counteracting trends during the next 10 days. While solar is expected to start on a weak side, its associated output will gradually increase. To the contrary, wind is expected to remain weak throughout the entire 10-day period. Interconnector flows are forecast to run smoothly in the absence of large temperature anomalies.
- The high pressure conditions that affected Europe during the past 5/7 days are predicted to weaken and be replaced by low pressure systems. These will mainly track across central and northern Europe, although their influence will probably be felt in the Mediterranean too. As a result, temperatures are expected to drop and converge towards the norm of the period (and potentially trending below average over northern Italy).
- The short-term macroeconomic environment continues to disappoint, following the trend observed across Europe. The PMI has been consistently below 50 points since the beginning of 2019 with the lowest values recorded in Q1’19. The industrial production followed the same trend, deteriorating further during the most recent months.