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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 MAR IP -3.9% M/M, -3.5% Y/Y; FEB +0.1%r M/M
- German industrial production contracted by 3.9% in March compared to February.
- Today's print saw the m/m print 2.6pp lower and the y/y print 3.1pp lower than consensus forecasts.
- Due to the onset of the Ukraine war, supply chain disruptions have become more acute. The ifo Institute study found that in March 80% of industrial producers had issues with bottlenecks and sourcing input and raw materials.
- Capital goods production dropped by 6.6% m/m, as firms showed less incentive to invest due to economic and political uncertainty and intermediate goods production fell by 3.8% m/m.
- The March data highlights the effects of the Ukraine war on both investment and production sentiment, as well as global supply issues. The April release will be vital in addressing how lasting these effects will be following the initial shock.
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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