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8 Mar 2023

German Industrial Production jumps 3.5% MoM in January vs. 1.4% expected

Industrial Production in Germany conitnued its uptrend in January, the official data showed on Wednesday, suggesting that the manufacturing sector recovery is gaining traction.

Eurozone’s economic powerhouse’s Industrial Output jumped by 3.5% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, vs. a 1.4% expected and -2.4% prior.

On an annualized basis, German Industrial Production arrived at -1.6% in January versus a -3.3% figure booked in December and -2.1% market expectations.

more to come ....

About German Industrial Production

The Industrial Production released by the Statistisches Bundesamt Deutschland measures the outputs of German factories and mines. Changes in industrial production are widely followed as a major indicator of strength in the manufacturing sector. A high reading is seen as positive (or bullish) for the EUR, whereas a low reading is seen as negative (or bearish).

Mar 8, 2023

German Retail Sales plunge 6.9% YoY in January vs. -6.1% expected

According to the official figures released by Destatis on Tuesday, Germany's Retail Sales dropped by 0.3% MoM in January versus 2.0% expected and -5.3
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Mar 8, 2023

FX option expiries for Mar 8 NY cut

FX option expiries for Mar 8 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.0500 797m 1.0560 2.5b 1.0600 902m 1.
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