Latest data released by Destatis - 6 November 2020
- Prior -0.2%; revised to +0.5%
- Industrial production WDA -7.3% vs -6.5% y/y expected
- Prior -9.6%; revised to -8.7%
Slight delay in the release by the source. A modest bounce in factory activity towards the end of Q3 with a better revision to boot in August.
That said, amid the resurgence in the virus and tighter restrictions introduced across the region in recent weeks, the outlook in Q4 looks bleak and that is the key focus now.
