Germany January industrial production m/m -0.1% vs +0.6% expected

Latest data released by Destatis — 9 March 2018

  • Prior m/m -0.6%; revised to -0.5%
  • Industrial production WDA y/y +5.5% vs +6.0% expected
  • Prior y/y +6.5%; revised to +6.2%

A little miss from estimates, but the y/y figure remains relatively elevated — but again will beg the question has the economy peaked last year already?
A minor data point, but if the trend persists, will start to weigh on the euro and market sentiment.
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