Latest data now out

  • -1.1% prev
  • yy WDA 0.0% vs +0.7% exp vs +0.4% prev revised up from +0.2%
  • investment goods output +2.7 mm vs prev
  • basic goods output -1.1% mm vs prev

Econ ministry says output's positive Q4 start is first step to overcoming weakness of previous months. Rising orders and buoyant mood among firms also point to this

Weaker than expected headline but still better than previous and EURUSD is unchanged around 1.0867