Latest data released by Destatis

Germany Industrial Production April

April was expected to be bad and markets were expecting for another bad reading this month. These figures show a deeper than expected contraction and EURUSD ticks down a few points on the release. Not a massive surprise to see poor data here, but German industrial production woes have been a constant source of strain for the last 18 months or so. First US-China trade war induced slowdowns, now COVID-19.