According to the most recent data released by Destatis on Friday, Germany's industrial production increased 0.2% month over month (MoM) in June. Although the growth was slower than the earlier report of 0.7%, which was lowered from 0.9%, it was still faster than the 0.1% prediction.
After staying steady in May, industrial sector activity in the economic powerhouse of the Eurozone decreased by 0.1% Year-over-Year (YoY) in June, according to numbers adjusted for seasonal and calendar impacts, according to the federal statistics body Destatis.
Reaction of the market
After the release of the German Industrial Production statistics, the Euro (EUR) is under slight selling pressure. As of this writing, EUR/USD is just below 1.1520.
After staying steady in May, industrial sector activity in the economic powerhouse of the Eurozone decreased by 0.1% Year-over-Year (YoY) in June, according to numbers adjusted for seasonal and calendar impacts, according to the federal statistics body Destatis.
Reaction of the market
After the release of the German Industrial Production statistics, the Euro (EUR) is under slight selling pressure. As of this writing, EUR/USD is just below 1.1520.
