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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
GERMAN DATA
MNI (London)
GERMANY DEC INDUSTRIAL PROD. -3.1% M/M (FCST -0.8%); NOV +0.4%r M/M
GERMANY DEC INDUSTRIAL PROD. -3.9% Y/Y (FCST -1.6%); NOV -0.5%r Y/Y
- Germany industrial production fell by -3.1% m/m and -3.9% y/y in December, below forecasts of a softer contraction.
- Real industrial production for the total of 2022 was -0.6% below that of 2021 and a marked 5.0% below pre-covid 2019.
- Energy production slumped -2.3% m/m, intermediate goods production -5.8% m/m and construction plunged -8.0% m/m. Consumer goods rose +0.3% m/m and capital goods production was flat.
- Energy-intensive production (around one-fifth of German industry) continued to fall markedly (-6.1% m/m) due to high energy costs.
- This German print will cancel out the modest French boost to the Eurozone aggregate print (due Feb 15), signalling a weak end to Q4.
- January PMI data remained contractionary, yet moderated for a third month as easing cost pressures, supply bottlenecks and more muted recessionary fears feed into improved optimism going forward.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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