German Industrial Production slumps 17.9% MoM vs. -15.5% expected in April

• German Industrial Production plunges 17.9% MoM in April.

more to come ....

About German Industrial Production

The Industrial Production released by the Statistisches Bundesamt Deutschland measures outputs of the German factories and mines. Changes in industrial production are widely followed as a major indicator of strength in the manufacturing sector. A high reading is seen as positive (or bullish) for the EUR, whereas a low reading is seen as negative (or bearish).