Germany’s industrial production (07.00 BST) rose by just 0.2% m/m in February, hit by a sharp fall in construction output following January’s weather-related surge. This is unlikely to have been repeated in March and the industrial surveys point to an improvement. Note, too, that German factory orders rose in March. (Data published on Thursday.) Moreover, the euro’s depreciation should be starting to help German manufacturers. “Germany’s industrial production is set to have risen by around 0.4% m/m in March.” – Capital Economics
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