Seasonally adjusted data as published by Destatis - 9 January 2018
- Prior m/m -1.4%; revised to -1.2%
- Industrial production WDA y/y +5.6% vs +3.9% expected
- Prior y/y +2.7%; revised to +2.8%
A strong beat on the m/m number there. Expect the y/y figure to also come out strong. Similar to yesterday, I think the y/y figure delay would be rather long - yesterday was up to 12 minutes for factory orders.
EUR/USD getting a bit of a relief bounce - up to 1.1964 now, just 7 pips no biggie.
Update (0707 GMT): The WDA y/y figure is released. Also, another big beat. EUR/USD now up to 1.1970.
