BREAKING: German industrial production rebounds stronger than expected 📈

08:00 AM GMT, Germany - Industrial Production for January:

Monthly: actual 2.0% MoM; forecast 1.6% MoM; previous -2.4% MoM;
Yearly: actual -1.60% YoY; previous -2.20% YoY;

08:00 AM GMT, Germany - Balance of Tade Data for January:

German Trade Balance: actual 16.0B; forecast 21.0B; previous 20.7B;

EURUSD hestitated further gains after the release of German data. Industrial production came in better than expected. December's drop has been revised up to -1,5% MoM from a more drastic -2,4%, signaling a potentially faster recovery of Germany's economic backbone.

Source: xStation

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