The post German Industrial Production jumps 1.4% MoM in June vs. 1.0% expected appeared on BitcoinEthereumNews.com.

Germany’s industrial sector returned to expansion in June, the latest data published by Destatis showed on Wednesday. Industrial output in the Eurozone’s top economy increased by 1.4% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, as against an expected increase of 1.0%  and a 2.5% drop registered in May. German Industrial Production slid at an annual rate of 4.1% in June versus May’s -6.7%. EUR/USD reaction to the German Industrial Production data Encouraging German industrial figures fails to move the needle around the Euro, as EUR/USD continues to hold lower ground near 1.0900. The pair is down 0.20% on the day, at the press time. Source: https://www.fxstreet.com/news/german-industrial-production-jumps-14-mom-in-june-vs-10-expected-202408070602

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Filed under: News - @ August 7, 2024 9:14 am