German June industry output weaker than expected, but May data revised up

German June industry output has come in at -0.1% m/m, weaker than the median forecast of +0.5%. However May’s data has been revised upwards, to +4.3% m/m from initial +3.7%.

Volatile little series, wouldn’t you say? The German Economy Ministry feels recent increase in orders signals industry likely passed low point.

EUR/USD meanwhile continues to gyrate wildly in a frenzy of activity. Yes…….EUR/USD sits at 1.4360, where it started out the morning. Roll on US jobs data.