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German industrial production rises more than expected

Published 07/08/2010, 06:18 AM
EUR/USD
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Investing.com – Industrial output in Germany rose more than expected in May, official data showed in Thursday.

In a report, the German Federal Statistics Office said industrial production rose a seasonally adjusted 2.6% in May, after advancing 1.2% in April, whose figure was revised up from 0.9%.

Analysts had expected an increase of 0.8% in May.

Following the release of the data the euro was up against the U.S. dollar, with EUR/USD gaining 0.12% to hit 1.2650.

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