Latest data released by Destatis - 7 January 2019
- Prior +0.3%; revised to +0.2%
- Factory orders WDA -4.3% vs -2.7% y/y expected
- Prior -2.7%; revised to -3.0%
Slight delay in the release by the source. Those are some disappointing figures for factory activity and will only serve to compound growth worries seen in the German economy last year. As mentioned several times before, the real worry is that this kind of sentiment spills over to this year and threatens the ECB's rate guidance outlook.
