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BREAKING: Germany industrial production below expectations 🎯

7:02 AM 7 June 2024

07:00 AM BST, Germany - Balance of Tade Data for April:

  • German Imports: actual 2.0% MoM; forecast 0.6% MoM; previous 0.3% MoM;
  • German Trade Balance: actual 22.1B; forecast 22.6B; previous 22.3B;
  • German Exports: actual 1.6% MoM; forecast 1.1% MoM; previous 0.9% MoM;

07:00 AM BST, Germany - Industrial Production for April:

  • German Industrial Production: actual -0.1% MoM; forecast 0.1% MoM; previous -0.4% MoM;

German industry continues to underperform. Factory orders data earlier in the week also came in below expectations, suggesting weaker readings for industrial production. Market reaction is limited, with no major moves recorded on EURUSD. 

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