Seeking Alpha

German industrial output surprisingly drops

  • German industrial production fell 0.5% on month in March after rising 0.6% in February and missed consensus for an increase of 0.2%.
  • On year, output +3% vs +4.7% in February.
  • Breakdown: construction -2.2%, intermediate goods -0.9%, consumer goods +0.5%, energy +1.8%.
  • The euro takes a bit of a dive and is now flat at $1.3913, while DAX futures are also little changed. (PR)
  • ETFs: EWG, BUND, EWGS, DBGR, GERJ, DXGE, BUNL, FGM, BUNT, GGOV, HEWG
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