Germany: Strong manufacturing numbers - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities note that the German manufacturing for September came in better expected with a 0.2% increase (market: 0.0%).

Key Quotes

“This comes despite weak underlying details of factory orders release and the auto production disruptions from new regulations.”

“In particular auto production rebounded smartly, indicating that a recovery is already underway. Overall this leaves German output on better than expected footing heading into Q3.”

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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