German Industrial Production jumps 3% MoM in March vs. 0.8% expected
Germany’s industrial sector activity increased more than expected in March, according to the latest data published by Destatis on Thursday.
In the Eurozone’s economic powerhouse, Industrial Output jumped 3% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, against the expected 0.8% increase and a 1.3% decline in February.
German Industrial Production dropped 0.2% year-over-year (YoY) in March versus February’s -4.1%.
Separately, Germany’s Trade Balance for March came in at EUR21.1 billion versus EUR19.1 billion expected and EUR17.9 billion previous.
EUR/USD reaction to the German Industrial Production data
EUR/USD stays defensive after the upbeat German data, trading flat on the day at around 1.1300 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 weakest against the New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.06% | -0.11% | 0.13% | 0.08% | -0.12% | -0.21% | 0.31% | |
| EUR | -0.06% | -0.15% | 0.07% | -0.00% | -0.18% | -0.26% | 0.26% | |
| GBP | 0.11% | 0.15% | 0.25% | 0.16% | -0.01% | -0.10% | 0.38% | |
| JPY | -0.13% | -0.07% | -0.25% | -0.06% | -0.25% | -0.34% | 0.14% | |
| CAD | -0.08% | 0.00% | -0.16% | 0.06% | -0.19% | -0.29% | 0.19% | |
| AUD | 0.12% | 0.18% | 0.00% | 0.25% | 0.19% | -0.08% | 0.40% | |
| NZD | 0.21% | 0.26% | 0.10% | 0.34% | 0.29% | 0.08% | 0.48% | |
| CHF | -0.31% | -0.26% | -0.38% | -0.14% | -0.19% | -0.40% | -0.48% |
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).
Recommended Articles
