- Prior -1.8%. Revised to -1.7%
- -0.5% vs +0.3% exp y/y. Prior 1.3% revised to 1.1%
The German econ ministry says Q2 was weaker as expected, particularly in construction and the Ukraine crisis may have weighed. Ordering activity and indicators signal moderate growth in industry for now.
We can’t say we didn’t get a heads up from yesterday’s data. EUR/USD loses 8 pips to 1.3375
From Europes biggest economy that’s not looking like a good trend on the chart.
German industrial output 07 08 2014
