German Industrial Production +0.3 in May

German industrial production output rose 0.3% m/m in May, easing investors worries of a slowdown in Europe’s largest economy. On an annualized basis, the German industrial production came in at -3.7% versus -1.1% expected and -1.8% booked in April. Germany May trade balance came in at €20.6 billion above analysts’ forecasts of €17.0 billion. Germany Imports, Month over Month, came in at -0.5%, missing forecasts of -0.2% in May. Germany Exports, Month over Month, came in at 1.1%, beating analysts’ expectations of 0% in May.

The Bank of France June industry sentiment indicator came in at 95 worst tha market consensus of 99.

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