German IP fell -1.3% m/m in May - BBH

Research Team at BBH, notes that the German IP fell -1.3% m/m in May vs. a gain of 0.1% that was expected. 

Key Quotes

“The April gain was revised down to 0.5% from 0.8% previously.  This comes on the heel of a weaker than expected German industrial orders report yesterday.  While we don’t want to make too much out of one month, the Eurozone economy may have been softening into the Brexit vote, just as the UK was.  This bears watching.”