- Analytics
- News and Tools
- Market News
- German Industrial Production drops 0.2% MoM in May vs. 0.1% expected
German Industrial Production drops 0.2% MoM in May vs. 0.1% expected
Industrial Production in Germany unexpectedly declined in May, the official data showed on Friday, suggesting that the manufacturing sector recovery is dwindling.
Eurozone’s economic powerhouse’s Industrial Output dropped 0.2% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, vs. 0.1% expected and 0.3% previous.
The annual German Industrial Production climbed 0.7% in May versus a 1.6% increase seen in April.
FX implications
The shared currency is holding gains below 1.0900 against the US Dollar following the downbeat German industrial figures. The pair is adding 0.09% on the day, as of writing.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
