According to the most recent data released by Destatis on Thursday, the industrial sector activity in Germany grew more than anticipated in March.
According to data corrected for calendar and seasonal influences, industrial output in the economic powerhouse of the Eurozone increased 3% month over month, compared to a 1.3% loss in February and an anticipated 0.8% growth, according to the federal statistics agency Destatis.
In March, German industrial production fell 0.2% year-over-year (YoY), compared to -4.1% in February.
In addition, Germany's March trade balance was EUR21.1 billion, down from EUR17.9 billion and EUR19.1 billion predicted.
reaction of the EUR/USD to the report on German industrial production
Following the positive German statistics, EUR/USD remains defensive, closing the day unchanged at about 1.1300 at the time of writing.
According to data corrected for calendar and seasonal influences, industrial output in the economic powerhouse of the Eurozone increased 3% month over month, compared to a 1.3% loss in February and an anticipated 0.8% growth, according to the federal statistics agency Destatis.
In March, German industrial production fell 0.2% year-over-year (YoY), compared to -4.1% in February.
In addition, Germany's March trade balance was EUR21.1 billion, down from EUR17.9 billion and EUR19.1 billion predicted.
reaction of the EUR/USD to the report on German industrial production
Following the positive German statistics, EUR/USD remains defensive, closing the day unchanged at about 1.1300 at the time of writing.
