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Germany: Annual Industrial Production drops 1% in December

On an annual basis German Industrial Production s.a. w.d.a. fell by 1% in December, following a 2.9% drop in November, according to data released today by Destatis.

Month-over-month Industrial Production s.a. rose by 0.3% in December, in comparison with the 0.2% drop registered in November and slightly above expectations of +0.2%.

Forex: EUR/USD around 1.3570 after German data

The bloc currency remained almost indifferent to the German data during December, showing that the industrial production in the firs economy grew 0.3% on a monthly basis, while it...
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