The post German Industrial Production drops 0.4% MoM in October vs. 0.2% expected appeared on BitcoinEthereumNews.com.

Germany’s Industrial Production extended its downtrend in October, the official data published by Destatis showed on Thursday. Industrial output in the Eurozone’s economic powerhouse decreased by 0.4% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, vs. 0.2% expected and -1.3% seen in September. On an annual basis, German Industrial Production declined 3.5% in October, compared with September’s 3.6% fall. FX implications The shared currency showed little reaction to the downbeat German industrial figures. The pair is trading modestly flat on the day at 1.0764, as of writing. Source: https://www.fxstreet.com/news/german-industrial-production-drops-04-mom-in-october-vs-02-expected-202312070713

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Filed under: News - @ December 7, 2023 11:22 am