German Industrial Production declines 1.4% MoM in April vs. -1% expected
Germany’s industrial sector activity fell more than expected in April, according to the latest data published by Destatis on Friday.
In the Eurozone’s economic powerhouse, Industrial Output dropped by 1.4% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, against the expected 1% decrease and a revised 2.3% growth reported in March.
German Industrial Production dropped 1.8% year-over-year (YoY) in April versus March’s -0.7% revision.
Separately, Germany’s Trade Balance for April came in at EUR14.6 billion versus EUR20.2 billion expected and EUR21.2 billion previous.
EUR/USD reaction to the German Industrial Production data
At the time of writing, EUR/USD stays defensive below 1.1450, little moved by the German data.
Euro PRICE Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.08% | 0.04% | 0.24% | -0.08% | 0.17% | -0.13% | 0.12% | |
| EUR | -0.08% | -0.02% | 0.13% | -0.15% | 0.03% | -0.19% | 0.04% | |
| GBP | -0.04% | 0.02% | 0.16% | -0.12% | 0.06% | -0.16% | 0.07% | |
| JPY | -0.24% | -0.13% | -0.16% | -0.27% | 0.05% | -0.25% | -0.18% | |
| CAD | 0.08% | 0.15% | 0.12% | 0.27% | 0.24% | -0.04% | 0.19% | |
| AUD | -0.17% | -0.03% | -0.06% | -0.05% | -0.24% | -0.22% | 0.04% | |
| NZD | 0.13% | 0.19% | 0.16% | 0.25% | 0.04% | 0.22% | 0.23% | |
| CHF | -0.12% | -0.04% | -0.07% | 0.18% | -0.19% | -0.04% | -0.23% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
