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Analysts at TD Securities note that the  German IP rose 0.5% m/m in March, confirming their expectations of a positive print against consensus of a 0.5% decline.

Key Quotes

“March’s gain marks the third increase for IP in the past four months, though it puts 19Q1 IP growth at just 0.5%, leaving a ways to go before a full recovery to its 2018H1 levels. Increases in March IP were fairly broadly-based, with mining/quarrying the only sector to see a decline.”