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Germany: Industrial production falls 0.1% month-on-month in April compared to the expected 0.3%

Germany’s industrial sector remained in contraction in April, the latest data released by Destatis showed on Friday.

Industrial production in the Eurozone’s main economy decreased by 0.1% monthly, according to the federal statistics authority Destatis in figures adjusted for seasonal and calendar effects, compared to the expected +0.3% and a decrease of 0.4 % in March.

The German industrial production fell at an annual rate of 3.9% in April compared to the 3.3% drop in March.

EUR/USD reaction to German industrial production data

The discouraging figures of the German industry had no impact on the Eurosince the EUR/USD is flat on the day at 1.0890 at press time.

PRICE of the Euro today

The following table shows the percentage change of the Euro (EUR) against the main currencies listed today. The Euro was stronger against the New Zealand Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD 0.01% 0.02% -0.25% -0.00% -0.12% -0.01% -0.01%
EUR -0.01% 0.02% -0.29% -0.01% -0.12% 0.04% -0.02%
GBP -0.02% -0.02% -0.30% -0.04% -0.14% 0.02% -0.05%
JPY 0.25% 0.29% 0.30% 0.26% 0.13% 0.26% 0.26%
CAD 0.00% 0.00% 0.04% -0.26% -0.12% 0.06% -0.01%
AUD 0.12% 0.12% 0.14% -0.13% 0.12% 0.16% 0.10%
NZD 0.00% -0.04% -0.02% -0.26% -0.06% -0.16% -0.06%
CHF 0.01% 0.02% 0.05% -0.26% 0.01% -0.10% 0.06%

The heat map shows the percentage changes of the major currencies against each other. The base currency is chosen from the left column, while the quote currency is chosen from the top row. For example, if you choose the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change shown in the box will represent EUR (base)/USD (quote).

Source: Fx Street

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