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Germany: Manufacturing production and headline IP falls - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 6, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Research Team at TDS, notes that both German manufacturing production and headline IP fell 0.5% m/m in February, coming in better than expected and confirming our upside risks.

    Key Quotes

    “The weakness was fairly broad based, but following an exceptionally strong January (though revised down from 3.3% m/m to 2.3% m/m), some payback isn’t a big surprise. Only the construction (1.3%) and intermediate goods (0.1%) components managed to post gains on the month. Energy production was particularly weak, at -1.8% m/m, but has been very volatile in recent months.”
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