- Summary:
- German industrial production output rose 0.3% m/m in May, easing investors worries of a slowdown in Europe's largest economy
German industrial production output rose 0.3% m/m in May, easing investors worries of a slowdown in Europe’s largest economy. On an annualized basis, the German industrial production came in at -3.7% versus -1.1% expected and -1.8% booked in April. Germany May trade balance came in at €20.6 billion above analysts’ forecasts of €17.0 billion. Germany Imports, Month over Month, came in at -0.5%, missing forecasts of -0.2% in May. Germany Exports, Month over Month, came in at 1.1%, beating analysts’ expectations of 0% in May.
The Bank of France June industry sentiment indicator came in at 95 worst tha market consensus of 99.
The EURUSD didn’t react on the news and trades flat at 1.1225.Don’t miss a beat! Follow us on Twitter.