The Germany’s industrial production fell 3.9% in December’s annual reading, worsening the estimated 0.2% drop. The November decline was revised down from -0.4% to -0.5%. This is the third consecutive month of falls for the indicator, which in December registered its biggest decline since February 2021.
The monthly industrial production has been at -3.1% vs -0.6% expected, well below the +0.4% seen in the prior month (revised from +0.2%). This is the biggest drop seen since March 2022.
EUR/USD reaction
The EUR/USD has accelerated its decline after the European opening, minutes after the publication of the data. The pair has lost about 40 pips in an hour, falling to new one-month lows at 1.0697. At time of writing, the euro has regained some ground and is trading against the dollar at around 1.0720, losing 0.09% on the day.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
