Germany: Downside surprise in industrial production data – TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities note that the German IP disappointed sharply to the downside this morning, with headline IP falling 1.9% m/m in November (mkt: +0.3%, TD: -1.0%).

Key Quotes

“The manufacturing component fell 1.8% m/m. Details were disappointing across the board, with declines in almost all categories, but it was consumer goods that led the way (-4.1% m/m), partly driven by weaker energy production. Motor vehicle production fell only slightly (-1.3% m/m).”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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