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9 Feb 2016
German IP and trade data disappointed significantly - TDS
Research Team at TDS, suggests that the German IP and trade data for December disappointed significantly this morning.
Key Quotes
“Industrial production fell by 1.2% m/m and exports & imports both down 1.6% m/m. The details of the IP report were broadly negative, with outright declines registered in all but one of the major components, suggesting weakness from abroad. The export data confirmed this, revealing a sharp decline in Germany’s main capital goods export category.”
Key Quotes
“Industrial production fell by 1.2% m/m and exports & imports both down 1.6% m/m. The details of the IP report were broadly negative, with outright declines registered in all but one of the major components, suggesting weakness from abroad. The export data confirmed this, revealing a sharp decline in Germany’s main capital goods export category.”