Germany July industrial production -1.1% vs +0.2% m/m expected
Latest data released by Destatis - 7 September 2018
- Prior -0.9%; revised to -0.7%
- Industrial production WDA y/y +1.1% vs +2.6% expected
- Prior +2.5%; revised to +2.7%
Slight delay in the release by the source. Weak factory data once again arising from Germany. It's becoming a bit of a trend now and with weaker exports data from the trade balance report, it certainly isn't a good set of a data to start Q3 to say the least.
EUR/USD is weighed lower to 1.1614 on the day as the dollar catches a bit of a bid. EUR/GBP holds steady at 0.8993 while EUR/JPY is trading at 128.53, barely moved as well.