Germany: Expect a gain of 0.3% m/m in manufacturing - TDS

Despite the large upside surprise on Friday’s German June factory orders data, analysts at TDS are looking for just a 0.3% m/m gain in German manufacturing today (mkt: 0.1%).

Key Quotes

“Auto production has helped support the recent monthly increases in manufacturing, but a slowdown in passenger car production in June & July could spell the end of a robust 5-month trend.”