Latest data released by Destatis - 7 May 2021
- Prior -1.6%; revised to -1.9%
- Industrial production WDA +5.1% vs +5.7% y/y expected
- Prior -6.4%; revised to -6.8%
German factory activity rebounds at the end of Q1 so that ties in together with the more robust manufacturing sector in general as underscored by the PMI readings.
