Germany: Upside risks to industrial production consensus for a 0.6% gain - TDS

Research Team at TDS, suggests that a near-20% surge in passenger car production should help support German manufacturing IP in April.

Key Quotes

“At 1.0% m/m, we see upside risks to consensus for a 0.6% gain despite the soft factory orders data on Monday.

Details of the euro area 15Q1 GDP release are also out, and we and markets expect no revision to the previous 0.5% q/q print.”