Industrial Production (Apr 2020)........>

GERMAN DATA: Industrial Production (Apr 2020) Preview - 0700GMT

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- Bloomberg Consensus: -16.8% m/m; Prev (Mar): -9.2% m/m, -11.6% y/y

- M/M and Y/Y IP both forecast to fall further in Apr after hitting a record low

in Mar 

- M/M output trended down in 2018 and 2019 before it showed a promising start in

2020, however, the pandemic cleared hopes of a rebound in the near term. 

- Recently released factory orders plunged by 25.8% m/m in Apr after falling by

15.0% in Mar. 

- The truck toll mileage index, which shows a strong connection to IP in

Germany, fell to a new series low of 10.9% in Apr, surpassing declines seen

during the global financial crisis. 

- The Ifo business climate ticked up in May after plunging in Apr, mainly driven

by an uptick in expectations while the current conditions fell further. 

- Similarly, the ZEW expectations index showed a second successive gain in May,

while current conditions deteriorated.