2014 hasn’t been the greatest for the German machine and we get another look at how it did in October.
Industrial production is expected to come in a measly 0.3% vs 1.4% is Sep m/m and the yearly at 0.9% vs -0.1% prior.
Output was boosted by autos which we know have slumped in November, so we may not see that reflected in this report.
2014 started off well for German industry but it’s been mostly downhill since then.
German IP to Sep 2014