German Industrial Production falls 1.9% MoM in December vs. -0.3% expected

Lallalit Srijandorn FXStreet

Germany’s industrial sector activity fell sharply in December, the latest data published by Destatis showed on Friday.

Industrial Output, in the Eurozone’s economic powerhouse, dropped by 1.9% over the month in December, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, compared with the expected 0.3% decline and a 0.2% growth recorded in November (revised from 0.8%).

Annually, the German Industrial Production declined by 0.6% in the same period, following November’s revised 0.5% increase.

EUR/USD reaction to the German Industrial Production data

At the press time, the EUR/USD pair remains firm near 1.1797, up 0.14% on the day.

Euro Price Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the US Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		-0.13%	-0.24%	-0.19%	-0.06%	-0.20%	-0.26%	-0.24%
EUR	0.13%		-0.11%	-0.07%	0.07%	-0.08%	-0.12%	-0.11%
GBP	0.24%	0.11%		0.04%	0.18%	0.05%	-0.01%	0.00%
JPY	0.19%	0.07%	-0.04%		0.16%	0.00%	-0.06%	-0.03%
CAD	0.06%	-0.07%	-0.18%	-0.16%		-0.15%	-0.21%	-0.18%
AUD	0.20%	0.08%	-0.05%	-0.01%	0.15%		-0.06%	-0.04%
NZD	0.26%	0.12%	0.01%	0.06%	0.21%	0.06%		0.02%
CHF	0.24%	0.11%	-0.00%	0.03%	0.18%	0.04%	-0.02%

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

Lallalit Srijandorn

FXStreet

Lallalit Srijandorn is a Parisian at heart. She has lived in France since 2019 and now becomes a digital entrepreneur based in Paris and Bangkok.

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