2.0%: Germany's Industrial Production rises faster-than-expected in August
Industrial Output, in the Eurozone’s economic powerhouse, climbed by 2.0% over the month in August, the federal statistics authority Destatis showed on Wednesday in figures adjusted for seasonal and calendar effects. This figure followed a fall of 1.1% recorded in July and came in stronger than the expected 0.5% growth.
EUR/USD reaction to the German Industrial Production data
The upbeat German Industrial Production data fails to boost the Euro (EUR). At the press time, the EUR/USD pair holds losses near 1.1225, down 0.30% on the day.
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