Latest data released by Destatis - 5 April 2019
- Prior -0.8%; revised to 0.0%
- Industrial production WDA -0.4% vs -1.4% y/y expected
- Prior -3.3%; revised to -2.7%
Slight delay in the release by the source. This is definitely welcome news for Germany after several industrial/manufacturing data has shown negative readings as of late. I would've expected this to be similar as well but I guess there may be some green shoots left. That said, the year-on-year reading still shows a decline relative to industrial activity a year ago.
EUR/USD is a tad higher now at 1.1231 but still sits in a narrow range for the day.
