Latest data released by Destatis - 8 May 2019
- Prior +0.7%; revised to +0.4%
- Industrial production WDA -0.9% vs -2.6% y/y expected
- Prior -0.4%; revised to +0.2%
Slight delay in the release by the source. A beat on the figures here and that is a minor positive for the euro and the German economy at least. However, this feeds into Q1 data and overall, economic conditions remain sluggish to start the year in Germany. Let's see if things will improve in Q2.
The only slight negative part of the report is that on a year-on-year basis, the reading is still holding weaker. EUR/USD stays underpinned on the session, near highs at 1.1212 currently.
