Germany's industrial production fell 1.1% in July while the Sentix investor confidence index hit a four-year high, a gap the ECB must weigh before Thursday's expected quarter-point hike to 2.50% with inflation running at 3.3%.
German factory output has been on a downtrend since 2023, leaving the ECB hiking into a still-soft industrial cycle even as Sentix investor morale jumped to a four-year high. Source
