Market Updates: German Industrial Production Surges by 0.7% - Forex News by FX Leaders

Market Updates: German Industrial Production Surges by 0.7%

Posted Friday, April 5, 2019 by
Arslan Butt • 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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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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