Germany industrial production seasonally adjusted (for January) came in -5.5% YoY vs -4.8% exp. and -3.13% previously (MoM 1% vs 0.6% exp. and -2% previously)
- German PPI MoM for January came in 0.2% (exp 0.1%; prev -1.2%)
- German PPI YoY for January came in -4.4% (exp. -6.6%; prev -8.6%)
Economic calendar: Oil inventories and US trade balance in focus 🔎
Morning wrap (25.03.2026)
Mixed US PMI data 🗽EURUSD gains
Shift in Europe's PMIs - Strong manufacturing, services decline