Germany June industrial production report now out 7 Aug

  • 1.2% prev
  • yy WDA 2.4% vs 3.7% exp vs 4.8% prev revised down from 5.0%

Softer than expected but this data has been up n down for a while now but production still up 1.8% in Q2 overall vs Q1

June downturn driven by weaker construction as well as lower output of intermediate, consumer and capital goods.

EURUSD 1.1785 tightly bound but near session lows. EURGBP 0.9027 EURJPY 130.49

German ind prod mm SA