- East +1.3%
- Industrial Production Y/Y +0.8% vs -1.0% prior
This isn’t a market-moving release, but it’s a good response to estimates and further confirmation of an uptick in economic activity. Industrial production is recovering from a May 2024 low of -7.7% and is now back in positive territory.
The ECB’s Schnabel is mentioning the possibility of a rate hike in 2026. If things continue to improve and inflation pressures continue to rise, we could actually see rate hikes in 2026, and potentially from other central banks as well.
