Germany’s Industrial Production rises 0.4% MoM in April, as expected
Germany’s industrial sector activity rebounds in April, the latest data published by Destatis showed on Tuesday.
Industrial Output, in the Eurozone’s economic powerhouse, rose by 0.4% over the month in April, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, compared with the expected 0.4% rise and a decline of 0.1% recorded in March (revised from -0.7%).
Annually, the German Industrial Production came in at -0.5% in the same period, following March’s revised a 3.4% fall.
EUR/USD reaction to the German Industrial Production data
The Euro (EUR) edges slighly higher following the German Industrial Production data. At the press time, the EUR/USD pair holds gains near 1.1545, up 0.11% on the day.
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