German industrial production data for December was released this morning at 7:00 am GMT. Report was expected to show a 0.4% MoM drop in seasonally-adjusted industrial production data. Actual data showed a much deeper drop of 1.6% MoM. On an annual basis, production was 3.0% YoY lower. Reaction of the market was minimal - EUR ticked higher while equities moved lower. Scale of the moves on EURUSD and DE40 did not exceed 0.1%
Germany, industrial production for December
- Monthly (seasonally-adjusted): -1.6% MoM vs -0.4% MoM expected (-0.7% MoM previously)
- Annual (work-day adjusted): -3.0% YoY vs -2.4% YoY expected (-4.8% YoY previously)
Source: xStation5
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