Latest data released by Destatis - 8 October 2018
- Prior -1.1%
- Industrial production WDA y/y -0.1% vs -0.1% expected
- Prior +1.1%
Slight delay in the release by the source. Yet another miss on the monthly estimate for factory data in Germany. That's definitely not a good sign as the softness drags on into Q3 now. Doesn't bode well for the outlook as we close out the year as well as heading into 2019. This may pose a problem for the ECB in the months ahead.
