Investing.com – Industrial production in Germany rose more-than-expected in August, official data showed on Thursday.
In a report, Destatis, Germany’s federal statistical office said industrial production rose by a seasonally adjusted 1.7% in August, after rising by 0.1% July.
Analysts had expected industrial production to rise by 0.4% in August.
The report said that year-on-year, German industrial production rose by 10.7% in August, after rising by 10.9% in July.
Analysts had expected industrial production to rise at an annualized rate of 9.8% in August.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.32% to hit 1.3975.
In a report, Destatis, Germany’s federal statistical office said industrial production rose by a seasonally adjusted 1.7% in August, after rising by 0.1% July.
Analysts had expected industrial production to rise by 0.4% in August.
The report said that year-on-year, German industrial production rose by 10.7% in August, after rising by 10.9% in July.
Analysts had expected industrial production to rise at an annualized rate of 9.8% in August.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.32% to hit 1.3975.