November 07, 2024 07:06 GMT
GERMAN DATA: IP disappoints, exports increase more than expected
GERMAN DATA
Data BulletEurozoneGermanyCEEMEABulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
- We noted the possibility for a downside surprise to German IP following the real turnover in manufacturing component of German factory orders yesterday. Although, today's IP data looks even weaker than that suggested (and there was a downward revision to August, too).
- German exports were actually stronger than expected, though, but the trade balance still missed expectations as imports were much higher.
- More to follow on both of these releases later.
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