German Industrial Production jumped by 3.0% MoM in January. Annualized German Industrial Production dropped by 3.5% in January. Industrial Production in Germany rebounded more-than-expected in January, the official data showed on Monday; confirming that the manufacturing recession in Europe’s largest economy is slowing its pace. The industrial output came in at +3.0% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, vs. a 1.5% rise expected and -3.5% last. On an annualized basis, the German industrial production arrived at -3.5% in January versus -4.5% expected and -6.8% booked in December. 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. A high reading is seen as positive (or bullish) for the EUR, whereas a low reading is seen as negative (or bearish). FX Implications The shared currency ticked a few pips higher on the upbeat German industrial figures, taking EUR/USD back above 1.1400. The spot hit a new 14-month high at 1.1495 earlier today after the greenback was dumped across the board amid coronavirus-led risk aversion and oil slump. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Japan’s top currency diplomat Takeuchi: Will watch market moves with greater sense of urgency FX Street 2 years German Industrial Production jumped by 3.0% MoM in January. Annualized German Industrial Production dropped by 3.5% in January. Industrial Production in Germany rebounded more-than-expected in January, the official data showed on Monday; confirming that the manufacturing recession in Europe's largest economy is slowing its pace. The industrial output came in at +3.0% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, vs. a 1.5% rise expected and -3.5% last. On an annualized basis, the German industrial production arrived at -3.5% in January versus -4.5% expected and -6.8% booked in December. About German Industrial Production… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
