German September industrial production -0.6% vs -0.4% m/m expected

Destatis

• Prior 0.3%
• Industrial production WDA -4.3% vs -4.4% y/y expected
• Prior -4.0%

EURUSD unmoved on the release. Paints a bleak picture for the eurozone going forward and there is no glimmer of hope here as industrial production continues its fall. Expect the cries for fiscal stimulus from the German Gov't to increase. Until it comes the EUR is fundamentally pressured.