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German industrial production surged in January

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    German industrial production jumped more than forecast in January as strong domestic demand overpowered the drop in the export orders.

    The output rose 3.3% m/m in January after an upwardly revised 0.3% decline in December. The annualized figure rose 2.2%.

    The details of the report revealed construction jumped 7% from December and investment goods output rose 5.3%. Consumer goods production increased 3.7% and manufacturing increased 3.2%.
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