German Preliminary Manufacturing PMI unexpectedly drops to 42.3 in February vs. 46.1 expected

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German Industrial Production drops 0.1% MoM in April vs. 0.3% expected – Crypto News

Published

2 years ago

June 7, 2024

Dripp

Germany’s industrial sector remained in contraction in April, the latest data published by Destatis showed on Friday.

Industrial output in the Eurozone’s top economy declined 0.1% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, as against the 0.3% expected and a 0.4% decrease in March.

German Industrial Production fell at an annual rate of 3.9% in April versus the March drop of 3.3%.

EUR/USD reaction to the German Industrial Production data

The downbeat German industrial figures failed to have any impact on the Euro, as EUR/USD trades flat on the day at 1.0890 at the press time.

Euro PRICE Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the New Zealand Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.01%	0.02%	-0.25%	-0.00%	-0.12%	-0.01%	-0.01%
EUR	-0.01%		0.02%	-0.29%	-0.01%	-0.12%	0.04%	-0.02%
GBP	-0.02%	-0.02%		-0.30%	-0.04%	-0.14%	0.02%	-0.05%
JPY	0.25%	0.29%	0.30%		0.26%	0.13%	0.26%	0.26%
CAD	0.00%	0.00%	0.04%	-0.26%		-0.12%	0.06%	-0.01%
AUD	0.12%	0.12%	0.14%	-0.13%	0.12%		0.16%	0.10%
NZD	0.00%	-0.04%	-0.02%	-0.26%	-0.06%	-0.16%		-0.06%
CHF	0.01%	0.02%	0.05%	-0.26%	0.01%	-0.10%	0.06%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).