Germany April industrial production -1.0% vs +0.3% m/m expected

Latest data released by Destatis - 8 June 2018

• Prior +1.0%; revised to +1.7%
• Industrial production WDA +2.0% vs +2.8% expected
• Prior +3.2%; revised to +3.8%

Another miss for German data following yesterday's poor factory orders data. Not a convincing sign that the economy is rebounding in Q2. If anything, it only means that the soft patch in Q1 will be mirrored in Q2 at the very least.