7:05 AM · 6 April 2023

BREAKING: German industrial production accelerates!

Industrial production in Germany is accelerating, as evidenced by the latest report by Destatis (Germany's statistics agency). The survey data indicated that production rose 2.0% m/m, compared to an earlier reading of 3.5% and analysts' predictions of a 0.1% decline.

German Industrial Production WDA (Y/Y) Feb: 0.6% (est -2.0%; prev -1.6%). Source: Destatis

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Large decline in crude inventories 🛢️📉

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