Industrial production in the largest economy in the Eurozone (Germany’s economy) rose by 2.75 in February, according to data released moments before by the Federal Statistical Office Destatis in Germany, compared to 1.1% in the revised January reading and better than expectations that indicated a growth of about 0.5%.
In details, industrial production, excluding energy and construction, increased by 1.3%, while the production of consumer goods increased by about 4%, and capital goods by 1.2%, while the production of energy decreased by 0.1%.
The euro continues to decline against the US dollar, trading at 1.0856 levels this morning, its lowest since May 2020, affected by the Russian-Ukrainian war.
05/11/2024
ابحاث السوق
شارك المقال على منصات التواصل الإجتماعي
