fxstreet.com 08 Feb, 2021 07:30 am

German Industrial Production misses estimates with 0% in Dec, EUR/USD unfazed

German Industrial Production misses estimates with 0% in Dec, EUR/USD unfazed
Industrial Production in Germany showed no growth in December, the official data showed on Monday, suggesting that the recovery in the manufacturing s

Industrial Production in Germany showed no growth in December, the official data showed on Monday, suggesting that the recovery in the manufacturing sector is faltering The industrial output arrived at 0% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and  calendar  effects, vs.On an annualized basis, the German industrial production dropped by 1% in December versus -2.About German Industrial Production The Industrial Production released by the  Statistisches Bundesamt Deutschland  measures outputs of the German factories and mines.Changes in industrial production are widely followed as a major indicator of strength in the manufacturing sector.

FX implications The shared currency remains little affected by the dismal German industrial figures.FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

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