- Prior +2.4%
- -2.2% vs +0.9% exp y/y. Prior 2.0%
Ouch, that’s not good. EUR/USD crumbling to tech support at 1.3110.
German economy ministry says July’s fall is due mainly to strong previous month.
Moderate upwards trend in manufacturing and significantly stronger trend in construction.
From the sectors;
- Investment goods -3.4% m/m
- Intermediate goods -1.0%
- Construction output +2.7%
- Consumer goods -1.2%
- Energy production -2.9%
German industrial porduction 05 09 2013
