German data next week to show how much momentum the economy has lost since Q1 - ING

FXStreet (Łódź) - The ING team of analysts expect next week's German data to provide more information on how much the country's economic performance deteriorated in the second quarter of the year.

Key quotes

"Monthly data coming from the German economy has been rather erratic since the start of the year."

"A strong first quarter ended on a weak footing, and the tentative stabilisation in April was not enough to make us overly enthusiastic."

"Next week’s data on industrial production and trade for May will give more information on how much momentum the economy has really lost since its impressive first quarter."

"Will it only be the 0.3ppt growth stemming from the mild winter weather, or will it be more?"