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Forex Flash: German Industrial Production may contract for the fourth month in a row – TD Securities

By FXstreet.com,  January 09, 2013, 02:28:00 AM EDT

FXstreet.com (Barcelona) - Industrial Production data in Germany is due today and TD Securities analysts see downside risks to it: "Markets are looking for a +1.0% M/M gain in November, but after yesterday's factory shipments data, which showed a -1.1% decline during the month, we think that we're likely to see a small decline in Industrial Production instead", wrote analyst Alvin Pontoh. In case of an actual decline in today's publication, Pontoh points out that would make for the fourth straight month of contraction.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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