Industrial production in Germany higher than expected in March…
The German industrial production level recorded in April significant increase. Index climbed up by seasonally adjusted 2.8%, exceeding highly expectations for 0.8% growth.
The Destatis confirmed today that last month’s data was revised to 0.3% decline in industrial production volume.
Comparing with March 2011 index increased by 1.6%.
The couple EUR/USD was traded at 1.3012 after data release.