Germany June industrial production -0.9% vs -0.5% m/m expected
Latest data released by Destatis - 7 August 2018
- Prior +2.6%; revised to +2.4%
- Industrial production WDA y/y +2.5% vs +3.0% expected
- Prior +3.1%; revised to +3.0%
Slight delay in the release by the source. Once again, softer industrial activity figures to follow yesterday's factory orders and construction data. Also, softer revisions for May. A poor report and one which will add to the growing rhetoric of a continued slowdown in the German economy.