Germany: Mixed trade but weaker IP data - BBH

Research Team at BBH, notes that the Germany reported March IP and trade data.

Key Quotes

“IP came in weaker than expected, -1.3% m/m vs. the -0.2% median expectations. February was revised weaker to -0.7% from -0.5% previously. Trade was mixed, with exports stronger than expected (+1.9% m/m) and imports weaker than expected (-2.3% m/m). France and Italy also reported weaker than expected March IP. French IP fell -0.3% m/m vs. expectations for a 0.7% gain, while Italian IP was flat m/m vs. expectations for a 0.2% gain.”