Negative macroeconomic statistics from Germany | 19 Desember 2022

EURUSD trading plan:

A downturn in German economic activity eased for the second month running in December, a preliminary fresh survey showed, as retreating price` pressures added to hopes that an expected recession could be milder than first feared. December marks the sixth month in a row that the reading has been below the 50 mark that separates growth from contraction. He added that "nerves have settled somewhat compared to the situation three months ago, when concerns about the energy crisis were at their peak, in a further sign that the expected recession could be shallower than first feared." Separately, the manufacturing index rose to 47.4 from a final reading of 46.2 in November. The consensus forecast was for 46.3.

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