Industrial production in Germany down by 2.2%

Wednesday, 6 June 2012 06:35

Unexpectedly industrial activity in Germany slowed down in April. Federal Statistics Office- Destatis reported today that country’s industrial production declined by seasonally adjusted 2.2%, instead of loosing just 0.9% of the volume in April.
Previous month’s data was also revised today to 2.2% growth.
The couple EUR/USD reached 1.2490 in the early afternoon trade.