German industrial production data and retail sales data for January was released today at 7:00 am GMT. Data came in mixed with industrial production beating expectations and retail sales missing estimates. Market reaction has been rather muted. EURUSD dipped in a knee-jerk move but scale of the drop did not exceed 0.1%. Similarly muted reaction could be spotted on equity markets with DE30 swinging in a less-than-20 points range following the release.
Industrial production
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile app-
Year-over-year: -1.6% YoY vs -3.7% YoY expected (-4.2% YoY previously)
-
Month-over-month: 3.5% MoM vs 1.4% MoM expected
Real retail sales
-
Year-over-year: -6.9% YoY vs -5.0% YoY expected (-6.4% YoY previously)
-
Month-over-month: -0.3% MoM vs +2.3% MoM expected
EURUSD trades little changed near the 1.0540 mark following the release of German data for January. Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
