• -0.3% prev revised down from +0.2%

Not good news. EURUSD still on back foot at 1.3580 but no real reaction so far

German econ ministry says output weakened in Q2 after strong Q1 due to weakness in construction sector. Decline due to timing of public holiday and possibly geo-political factors. Says momentum will increase again in Q2.

German industrial output May

German industrial output May

German industrial output chart mm

German industrial output chart mm