German industrial production data for December was released this morning at 7:00 am GMT. Report was expected to show a 0.4% MoM drop in seasonally-adjusted industrial production data. Actual data showed a much deeper drop of 1.6% MoM. On an annual basis, production was 3.0% YoY lower. Reaction of the market was minimal - EUR ticked higher while equities moved lower. Scale of the moves on EURUSD and DE40 did not exceed 0.1%
Germany, industrial production for December
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app- Monthly (seasonally-adjusted): -1.6% MoM vs -0.4% MoM expected (-0.7% MoM previously)
- Annual (work-day adjusted): -3.0% YoY vs -2.4% YoY expected (-4.8% YoY previously)
Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
