German Industrial Production declines 1.6% MoM in December vs. -0.4% expected
Germany’s industrial sector downturn stretched into December, the latest data published by Destatis showed on Wednesday.
Industrial output in the Eurozone’s top economy declined 1.6% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, as against the -0.4% expected and a 0.7% drop recorded in November.
German Industrial Production tumbled at an annual rate of 3.0% in December versus November’s -4.8% slump.
EUR/USD reaction to the German Industrial Production data
The mixed German industrial figures failed to move the needle around the Euro, as EUR/USD trades 0.10% higher on the day at 1.0765 at the press time.
Euro price today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Japanese Yen.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | -0.04% | 0.00% | -0.02% | 0.00% | 0.14% | -0.08% | 0.01% | |
| EUR | 0.03% | 0.05% | 0.03% | 0.05% | 0.19% | -0.04% | 0.05% | |
| GBP | 0.00% | -0.04% | -0.02% | 0.01% | 0.15% | -0.08% | 0.03% | |
| CAD | 0.04% | -0.01% | 0.03% | 0.03% | 0.17% | -0.05% | 0.02% | |
| AUD | 0.01% | -0.03% | 0.00% | -0.02% | 0.12% | -0.10% | 0.01% | |
| JPY | -0.11% | -0.13% | -0.09% | -0.15% | -0.09% | -0.19% | -0.12% | |
| NZD | 0.11% | 0.07% | 0.10% | 0.08% | 0.11% | 0.22% | 0.11% | |
| CHF | -0.03% | -0.06% | -0.01% | -0.03% | 0.02% | 0.14% | -0.09% |
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 Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (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.
