Latest data released by Destatis - 7 December 2018
- Prior +0.2%; revised to +0.1%
- Industrial production WDA +1.6% vs +2.1% y/y expected
- Prior +0.8%; revised to +0.7%
Slight delay in the release by the source. That's a rather hefty miss there and once again highlights that soft factory activity is still persisting into Q4. This doesn't bode well for those hoping for any decent recovery/rebound in the German economy this quarter. It's a minor data point but it isn't one that will stir up confidence by the ECB as we close out the year.
EUR/USD sits near the lows for the day at 1.1368 but still in a confined range. EUR/GBP is near flat levels at 0.8903 currently.
