Germany: Industrial Production data rebounds in August – TD Securities

Analysts at TD Securities note that German IP for August rebounded by +0.3% m/m.

Key Quotes

“It was better than the contraction consensus was looking for but not as strong of a rebound as the shipments data was suggesting, even with the positive revisions to July. Given the early indicators are pointing to a further mild contraction in the September data, this does not change the picture for the ECB.”