VOT Research Desk
According to the official figures released on Wednesday, industrial production in Germany decreased in October, demonstrating that the manufacturing sector is still fragile.
According to data adjusted for seasonal and calendar impacts released by the federal statistics body Destatis, the industrial output of the economic powerhouse of the Eurozone fell by 0.1% MoM, less than the 0.6% before and the -0.5% predicted.
German industrial production fell by 0% on an annualized basis in October, missing average estimates of 2.3% and 2.6% increases.
The common currency ignores inconsistent industrial data from Germany.
The EUR/USD currency pair is currently trading at about 1.0450, down 0.13% from the previous day.
