Investing.com – Industrial production in Germany rose slightly more-than-expected in January, official data showed on Wednesday.
In a report, Destatis, Germany’s federal statistical office said industrial production rose by a seasonally adjusted 1.8% in January, after dropping by 0.6% in December, whose figure was revised from a decline of 1.5%.
Analysts had expected industrial production to rise by 1.7% in January.
The report said that year-on-year, German industrial production rose at an annualized rate of 12.5% in January, after rising by 11.3% in December. Analysts had expected industrial production to rise at an annualized rate of 11.1% in January.
Following the release of the data, the euro was down against the U.S. dollar, with EUR/USD dipping 0.15% to hit 1.3884.
Meanwhile, European stock markets were mixed. The EURO STOXX 50 gained 0.34%, France’s CAC 40 was up 0.23%, Germany's DAX climbed 0.53%, while the FTSE 100 shed 0.16%.
In a report, Destatis, Germany’s federal statistical office said industrial production rose by a seasonally adjusted 1.8% in January, after dropping by 0.6% in December, whose figure was revised from a decline of 1.5%.
Analysts had expected industrial production to rise by 1.7% in January.
The report said that year-on-year, German industrial production rose at an annualized rate of 12.5% in January, after rising by 11.3% in December. Analysts had expected industrial production to rise at an annualized rate of 11.1% in January.
Following the release of the data, the euro was down against the U.S. dollar, with EUR/USD dipping 0.15% to hit 1.3884.
Meanwhile, European stock markets were mixed. The EURO STOXX 50 gained 0.34%, France’s CAC 40 was up 0.23%, Germany's DAX climbed 0.53%, while the FTSE 100 shed 0.16%.