Latest German industrial production data just released 10 May 2016
- -0.7% prev revised down from -0.5%
- yy WDA +0.3% vs +1.1% exp
Softer data will be disappointing but economic ministry says:
- Q1 industry output rises +1.8% overall
- strong hikes in construction and capital goods
- industry has overcome weak phase of H2 2015
- economic trend in the sector pointing upward
Euro unfazed at the moment.
