Latest data released by Destatis - 6 July 2018

  • Prior -1.0%; revised to -1.3%
  • Industrial production WDA +3.1% vs +1.5% y/y expected
  • Prior +2.0%; revised to +1.4%

Data was scheduled at the top of the hour but has been released early. Either way, solid beats on both fronts and that will be a good relief on industrial/factory activity following a slow start to the year. A minor data point, and it's going to take a whole lot more to lift back the German economy to where it was at the end of last year.