Germany April industrial production report 7 June 2016

  • -1.1% prev revised up from -1.3%
  • yy WDA +1.2% vs +1.0% vs +0.4% prev revised up from +0.3%

Better than expected and welcome news however slim an improvement.

Economic ministry say:

  • industrial output got off to a decent start in Q2
  • company sentiment has brightened in recent months
  • moderate recovery should continue

EURUSD 1.1356 still caught in cross plays.