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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 OCT INDUSTRIAL PROD. -0.1% M/M (FCST -0.6%); SEP +1.1%r M/M
GERMANY OCT INDUSTRIAL PROD. 0.0% Y/Y (FCST -0.7%); SEP +3.1%r Y/Y
- Following stronger-than-anticipated October factory orders, German industrial production saw softer contractions than expected. In October, German IP recorded a marginal -0.1% m/m contraction and stalled at 0.0% compared to October 2021.
- This is substantially weaker than the upwardly-revised September data.
- Only capital goods production expanded (+1.4% m/m), whilst declines were recorded for both consumer goods (-1.9% m/m) and intermediate goods (-1.8% m/m) as weak economic outlooks drag on production.
- Supply-chain easing is providing support to production, however, the energy-intensive sector remains severely hampered by high energy prices, with production down 12.6% y/y.
- Survey data continues to signal that the German economy teeters on the edge of a recession. Eurozone IP data is due next Wednesday and will likely signal contraction (when removing data volatility such as Irish IP).
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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