Highlights of the July 2015 German industrial production data report 7 September 2015
- Prior -1.4%. Revised to -0.9%
- 0.5% vs 0.3% exp y/y. Prior 0.6%. Revised to 0.9%
Off expectations and ignoring the better revisions, EURUSD slips to 1.1133 from 1.1144
German econ ministry says that the upward trend in the sector is continuing and companies remain confident. They highlight a rise in export orders.
Construction wasn't bad either rising 3.2% following a 3.2% drop last month. However, consumer goods went the other way falling 3.7% vs +0.3% prior
Overall it's the strongest m/m increase since December
German industrial production y/y