07:00 AM BST, Germany - Industrial Production for August:
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German Industrial Production: actual 2.9% MoM; forecast 0.8% MoM; previous -2.4% MoM (Revised -2.9%);
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German Industrial Production WDA: actual -2.7% YoY; forecast -3.8% YoY; previous -5.3% YoY (Revised -5.6%);
August industrial production data came in better than expected, largely driven by a 19.3% rise in autos and parts production. However, July's data were revised down, showing a monthly decrease of 50 basis points.
Euro has reacted positively to the data and is gaining to US dollar.
Source: xStation
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