Seasonally adjusted data released by Destatis - 7 February 2018

  • Prior m/m +3.4%; revised to +3.1%
  • Industrial production WDA y/y +6.5% vs +6.8% expected
  • Prior y/y +5.6%; revised to +5.5%

The y/y figure is still pretty decent, although prior month's readings have been revised lower but they're still relatively solid.

Goes in tandem with the factory orders data that we had yesterday. Doesn't hurt the overall Eurozone sentiment with numbers like these.

EUR/USD trading near the highs at 1.2392, but relatively range-bound on the day. EUR/GBP{ is at 0.8876 and EUR/CHF is at 1.1588, similarly range-bound.