May data from Destatis shows industrial production in Germany rose 0.9% month-on-month, surpassing the 0.2% consensus estimate.
Germany’s industrial production increased 0.9% month-on-month in May, exceeding the 0.2% rise economists had forecast. The gain follows a 0.4% increase in April and marks the strongest monthly advance since January.
Analysts had anticipated a modest rebound after April’s softer print, but the 0.9% outturn surprised to the upside. The data covers manufacturing, mining, and energy sectors in the Eurozone’s largest economy.
EUR/USD showed little reaction, trading slightly lower near 1.1430 after the release.