The post German Industrial Production drops 1.0% MoM in October vs. +1.2% expected appeared on BitcoinEthereumNews.com.

Germany’s industrial sector extended its downtrend in October, according to the latest data published by Destatis on Friday. In the Eurozone’s economic powerhouse, industrial output dropped by 1.0% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, compared to the expected 1.2% rebound and a revised 2.0% decline in September. German Industrial Production tumbled by 4.5% year-on-year (YoY) in October versus September’s -4.3% revision. EUR/USD reaction to the German Industrial Production data The downbeat German data have little to no impact on the Euro, as EUR/USD holds near 1.0570, down 0.15% on the day, at the press time. Source: https://www.fxstreet.com/news/german-industrial-production-drops-10-mom-in-october-vs-12-expected-202412060701

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Filed under: News - @ December 6, 2024 7:19 am