German industrial production data exceeds expectations 💡

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German industrial production exceeds expectations. This was driven by growth in the automotive, energy, and pharmaceutical industries. Year-on-year, production rose by 1%, the first increase in two years.

GERMAN INDUSTRIAL PRODUCTION YOY SA ACTUAL 1% (FORECAST -0.3%, PREVIOUS -2.02%)

GERMAN INDUSTRIAL PRODUCTION MOM ACTUAL 1.2% (FORECAST -0.2%, PREVIOUS -1.4%)

Source: xStation

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