Germany July industrial production now out 7 Sept

  • -1.1% prev
  • yy WDA 4.0% vs 4.6% exp vs 2.7% prev revised up from 2.6%

Soggy report but euro unfazed at 1.1921, 0.9158 and 130.01

Econ ministry says;

  • ind prod very dynamic in H1 but lost momentum in the Summer
  • indicators suggest continuation of industrial upswing but at a slower pace than in H1

Germany ind prod mm