8:02 AM · 6 December 2024

BREAKING: EURUSD trades lower after weak German manufacturing data 📌

07:00 AM GMT, Germany - Industrial Production for October:

German Industrial Production: actual -1.0% MoM; forecast 1.0% MoM; previous -2.0% MoM;

German factory output began Q4 with a sharp decline, missing estimates and highlighting the manufacturing sector's ongoing recession. Industrial output (excluding energy and construction) also fell by 0.3% month-on-month. Overall industrial production declines by -1.0% MoM lower than increase by 1.0% MoM forecasted.

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