Free Trial

GERMAN DATA: IP disappoints, exports increase more than expected

GERMAN DATA
  • 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.
69 words

To read the full story

Close

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.
  • 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.