Latest data released by Destatis - 9 January 2020
- Prior -1.7%; revised to -1.0%
- Industrial production WDA -2.6% vs -3.7% y/y expected
- Prior -5.3%; revised to -4.6%
A decent rebound in factory activity, which is opposite to what we saw in industrial orders yesterday. The monthly jump is also the highest since May 2018 so this should be a bit of a relief to the German economy if anything else.
That said, the trade figures reported at the same time were not as stellar with exports falling sharply so it is a bit of a mixed bag. EUR/USD keeps more steady at 1.1113 currently.
