Data released this morning, Wednesday, July 7, from the Federal Statistical Office Destatis in Germany showed a decline in industrial production by about 0.3% in May, worse than market expectations, which indicated an increase of 0.5%, so that the April reading was revised to a decline of 0.3%, while the annual index rose to 17.3%.

In details, industrial production, excluding energy and construction, declined by about 0.5%, while consumer goods recorded a growth of 4.1%, and capital goods declined by 3.4%.

The euro against the US dollar is declining with the opening of the European markets and is trading at 1.1817 levels, down by about 0.05%.