Germany January industrial production -0.8% vs +0.5% m/m expected

Latest data released by Destatis - 11 March 2019

• Prior -0.4%; revised to +0.8%
• Industrial production WDA -3.3% vs -3.3% y/y expected
• Prior -3.9%; revised to -2.7%

Slight delay in the release by the source. Much like factory orders last week, industrial production also fell to start the year. But as mentioned in the data docket preview, this is very much accounted for in the ECB's downgrade in growth projections. Let's see if similar sentiment will hold up beyond Q1 this year.