Events that marked the week:
Tuesday's session was marked by German Industrial Production figures. In March 2017, production in industry was down by 0.4% from the previous month on a price, seasonally and working day adjusted basis according to provisional data of the Federal Statistical Office (Destatis). In February 2017, the corrected figure shows an increase of 1.8% (primary +2.2%) from January 2017. In March 2017, production in industry excluding energy and construction was down by 0.5%. Within industry, the production of capital goods decreased by 1.2%.
Friday's session brought German Prelim GDP data from Eurozone. The German economy continues to grow. In the first quarter of 2017, the gross domestic product (GDP) rose 0.6% on the fourth quarter of 2016 after adjustment for price, seasonal and calendar variations. The Federal Statistical Office (Destatis) also reports that, in the second half of the previous year, the GDP grew a little more moderately (+0.2% in the third and +0.4% in the fourth quarter of 2016).
This week markets will be looking at:
Flash GDP (Tuesday 11:00)
German ZEW Economic Sentiment/ZEW Economic Sentiment (Tuesday 11:00)
