June industrial production in Germany rose more than the 0.1% estimate, signaling modest economic resilience amid slowing momentum.
Germany’s industrial production increased 0.2% month-on-month in June, surpassing the 0.1% consensus forecast. The data, released by federal statistics agency Destatis, marks a slowdown from May’s 0.9% gain but suggests continued expansion in the sector.
Analysts had anticipated a weaker 0.1% rise, making the print a slight positive surprise. The result follows mixed signals from Europe’s largest economy, where manufacturing activity has struggled under high energy costs and weak external demand.
EUR/USD extended losses for a second day, trading near 1.1520 in Asian hours, as the US Dollar strengthened on safe-haven flows.