Stronger than median forecast of +0.4%. On the flip side April’s data was revised downward slightly, to -1.3% m/m from previous -1.2%.
Meanwhile EUR/USD extremely steady in early European trade, presently at 1.2325. Sell orders seen 1.2350/60 stops through 1.2365. Buy orders 1.2290/00. Probably some short term spec stops just below there.
