Germany’s industrial sector activity rose less than expected in September, according to the latest data published by Destatis on Thursday.
In the Eurozone’s largest economy, industrial output increased by 1.3% month-over-month in September. This figure, adjusted for seasonal and calendar effects, fell short of the anticipated 3% rise. In contrast, August saw a revised decline of 3.7%, improved from the earlier estimate of a 4.3% drop.
On a year-over-year basis, German industrial production decreased by 1.0% in September, an improvement compared to August’s revised 3.6% decline (previously reported as -3.9%).
Following the release of the data, the EUR/USD currency pair responded positively. At press time, the pair was up 0.17% for the day, trading at 1.1508.
https://bitcoinethereumnews.com/finance/german-industrial-production-rose-1-3-mom-in-september-vs-3-expected/