Investing.com - Industrial production in Germany rose more-than-expected in August, easing concerns over the impact the euro zone’s debt crisis is having on the region’s largest economy, official data showed on Wednesday.
In a report, Destatis, Germany’s federal statistical office said industrial production increased by a seasonally adjusted 1.4% in August, beating expectations for a 1% increase.
Industrial production for July was revised to a 1.1% decline from a previously reported drop of 1.7%.
German industrial production rose at an annualized rate of 0.3% in August, compared to expectations for a 1.4% decline, after falling 1.7% in July.
Following the release of that data, the euro held on to losses against the U.S. dollar, with EUR/USD dipping 0.28% to trade at 1.3535.
Meanwhile, European stock markets were mixed. The EURO STOXX 50 rose 0.45%, France’s CAC 40 advanced 0.5%, Germany's DAX inched up 0.2%, while London’s FTSE 100 slumped 0.1%.
In a report, Destatis, Germany’s federal statistical office said industrial production increased by a seasonally adjusted 1.4% in August, beating expectations for a 1% increase.
Industrial production for July was revised to a 1.1% decline from a previously reported drop of 1.7%.
German industrial production rose at an annualized rate of 0.3% in August, compared to expectations for a 1.4% decline, after falling 1.7% in July.
Following the release of that data, the euro held on to losses against the U.S. dollar, with EUR/USD dipping 0.28% to trade at 1.3535.
Meanwhile, European stock markets were mixed. The EURO STOXX 50 rose 0.45%, France’s CAC 40 advanced 0.5%, Germany's DAX inched up 0.2%, while London’s FTSE 100 slumped 0.1%.