German industrial production

germany factory workers

German industrial production falls by -3.9% year-on-year in December vs. -1.6% estimate and -0.5% previously

Banca March : There was a mixed bias in the German activity data released yesterday. On the one hand, factory orders grew by 3.2% month-on-month in December, accelerating the growth trend -the highest recorded by the indicator in thirteen months- and beating forecasts. The series is down, however, on a year-on-year basis (-10.1%), reflecting lower activity after the start of the war. In contrast, this morning we have learned about…

BCE reflejoTC1

ECB optimism a good omen for traders

The Corner | March 6, 2015 | Markets are likely to be buoyed by the positive assessment of Mario Draghi yesterday, which will probably be backed up by euro zone growth figures for Q4, released later this morning. In other news, Spanish 10-year bonds are up for auction too, while Spain’s industrial sector is expected to return to positive territory