Market Updates: German Industrial Production Surges by 0.7%
German factory output grew amid a surge in construction. Production expanded 0.7 %, beating economist estimates for a 0.5% gain...
Arslan Butt•Friday, April 5, 2019•1 min read
In March 2019, German factory output grew amid a surge in construction. Production expanded 0.7%, beating economist estimates for a 0.5% gain.
Output was down 0.4% on the year. The Euro edged higher after the report and was up 0.1%. The Economy Ministry stated warm weather added to the “good result,” warning that momentum in the industry will remain low amid weak orders and subdued sentiment.
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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