Germany: Industrial Production likely to contract by 0.5% in June – TD Securities

In view of TD Securities analysts, markets are looking for German Industrial Production to contract by -0.5% in June, but they think that the risks lie to the downside.

Key Quotes

“While yesterday's factory shipments figures showed only a small decline on a m/m basis, the two series have diverged more than usual lately so we're reluctant to put too much weight on that figure.”