German industrial production report for November was released today at 7:00 am GMT. Report was expected to show a month-over-month increase in German production. However, production was still expected to be lower on year-over-year basis.
Actual data turned out to be a big disappointment, with production dropping on an annual as well as on a monthly basis. EUR moved lower following the release, with EURUSD dropping to a fresh daily low below 1.0950 mark.
Germany, industrial production for November
- Annual: -4.8% YoY vs -4.0% YoY expected (-3.4% YoY previously)
- Monthly: -0.7% MoM vs +0.2% MoM expected (-0.4% MoM previously)
Source: xStation5
Day Summary: Dollar Recovers Losses, Oil Near 3-Week Highs 🗽 US30 Falls 1%
💵EURUSD tests 1.17 due to Bessent
Chart of the Day: USDJPY Falls Ahead of a Key Test for the Yen (20.08.2026)
Economic Calendar: FOMC Minutes Out, PMIs and Japanese Inflation Ahead (20.08.2026)