- German industrial output fell 0.6% on month in December vs +2.4% in November and consensus of +0.5%.
- On year, output +2.6% vs +3.8%.
- The surprising drops adds to unexpected declines in German imports and exports, and could raise questions about the strength of the economy.
- German investors seem to be unworried though, with the DAX +0.2%. The euro is -0.2% at $1.3566.
- ETFs: FXE, EUO, EWG, ERO, DRR, BUND, EWGS, EUFX, ULE, GERJ, DBGR, BUNL, DXGE, URR, FGM, BUNT, GGOV