German Industrial production in July came in -4.1% YoY vs -4.2% exp. and -6.67% previously (1.4% MoM vs 1% exp and -2.5% previously)
- German export dropped -3.4% MoM in July vs -1.5% exp. and -3.6% previously
- German imports came in 0.3% MoM vs 2.5 exp. and -6.6% previously
- Trade balance (seasonally adjusted) came in 20.4B vs 21.5B exp. and 24.9B previously
EURUSD slightly declines after the Germany data. Surprise in industrial production was quite low, while lower than expected imports suggest cooling demand in Germany economy, while much weaker than expected exports signal overall cooling demand for German goods, across the global markets.

Source: xStation5
BREAKING: US December manufacturing PMI holds at 51.8; eases from 52.2 in November📌
BREAKING: S&P Manufacturing PMI data from the UK weaker than expected
Economic calendar: Markets await final US manufacturing PMI data🔎
BREAKING: Euro Zone Manufacturing PMI misses the estimate 🇪🇺 📉