German Industrial Production jumps 3.5% MoM in January vs. 1.4% expected Germany IndustrialProduction EconomicIndicator EURUSD
Industrial Production in Germany continued its uptrend in January, the official data showed on Wednesday, suggesting that the manufacturing sector recovery is gaining traction.
Eurozone’s economic powerhouse’s Industrial Output jumped by 3.5% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and On an annualized basis, German Industrial Production arrived at -1.6% in January versus a -3.3% figure booked in December and -2.1% market expectations.The shared currency failed to draw inspiration from the upbeat German industrial figures, in the face of a slump in Retail Sales.
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