Germany industrial production April mm SA +0.8% vs +0.7% exp

Germany April industrial production report 7 June 2016

• -1.1% prev revised up from -1.3%
• yy WDA +1.2% vs +1.0% vs +0.4% prev revised up from +0.3%

Better than expected and welcome news however slim an improvement.

Economic ministry say:

• industrial output got off to a decent start in Q2
• company sentiment has brightened in recent months
• moderate recovery should continue

EURUSD 1.1356 still caught in cross plays.