German Industrial Production drops 0.8% MoM in July vs. -0.5% expected – Crypto News – Crypto News
Connect with us
German ZEW Economic Sentiment Index drops to -14.7 in July vs. -10.0 expected German ZEW Economic Sentiment Index drops to -14.7 in July vs. -10.0 expected

others

German Industrial Production drops 0.8% MoM in July vs. -0.5% expected – Crypto News

Published

3 years ago

on

Share:

The official data showed on Thursday that the German Industrial Production fell more than expected in July, pointing to further weakness in the country’s manufacturing sector activity.

Industrial output in the Eurozone’s economic powerhouse dropped 0.8% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, vs. -0.5% expected and -1.4% previous.

Annually, Germany’s Industrial Production declined 2.1% in July when compared to a 1.5% drop in June.

FX implications

The shared currency remains vulnerable against the US Dollar after weak German industrial figures. The pair is losing 0.07% on the day to trade at 1.0719, as of writing.

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending