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German Industrial Production drops 0.1% MoM in April vs. 0.3% expected

Jun 7, 2024 6:23 AM

Germany’s industrial sector remained in contraction in April, the latest data published by Destatis showed on Friday.

Industrial output in the Eurozone’s top economy declined 0.1% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, as against the 0.3% expected and a 0.4% decrease in March.

German Industrial Production fell at an annual rate of 3.9% in April versus the March drop of 3.3%.

EUR/USD reaction to the German Industrial Production data

The downbeat German industrial figures failed to have any impact on the Euro, as EUR/USD trades flat on the day at 1.0890 at the press time.

Euro PRICE Today

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

  USD EUR GBP JPY CAD AUD NZD CHF
USD   0.01% 0.02% -0.25% -0.00% -0.12% -0.01% -0.01%
EUR -0.01%   0.02% -0.29% -0.01% -0.12% 0.04% -0.02%
GBP -0.02% -0.02%   -0.30% -0.04% -0.14% 0.02% -0.05%
JPY 0.25% 0.29% 0.30%   0.26% 0.13% 0.26% 0.26%
CAD 0.00% 0.00% 0.04% -0.26%   -0.12% 0.06% -0.01%
AUD 0.12% 0.12% 0.14% -0.13% 0.12%   0.16% 0.10%
NZD 0.00% -0.04% -0.02% -0.26% -0.06% -0.16%   -0.06%
CHF 0.01% 0.02% 0.05% -0.26% 0.01% -0.10% 0.06%  

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).

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

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