Germany’s Industrial Production continued to decline further in September, the official data showed on Tuesday, pointing to dwindling manufacturing sector activity.
Industrial output in the Eurozone’s economic powerhouse dropped 1.4% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, vs. -0.1% expected and -0.2% seen in August.
On an annual basis, German Industrial Production tumbled 3.7% in September, as against a 2.0% drop in August.
EUR/USD reaction to the German data
The shared currency has come under renewed selling pressure against the US Dollar after the downbeat German industrial data. The pair is losing 0.16% on the day to trade at intraday lows near 1.0695, as of writing.
Euro price today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the US Dollar.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | 0.20% | 0.21% | 0.25% | 0.93% | 0.26% | 0.63% | 0.16% | |
| EUR | -0.18% | 0.03% | 0.07% | 0.73% | 0.09% | 0.48% | 0.00% | |
| GBP | -0.21% | -0.02% | 0.04% | 0.72% | 0.06% | 0.45% | -0.03% | |
| CAD | -0.25% | -0.10% | -0.04% | 0.69% | 0.01% | 0.41% | -0.06% | |
| AUD | -0.94% | -0.74% | -0.72% | -0.68% | -0.66% | -0.27% | -0.75% | |
| JPY | -0.27% | -0.07% | -0.06% | -0.04% | 0.64% | 0.41% | -0.09% | |
| NZD | -0.66% | -0.47% | -0.45% | -0.41% | 0.27% | -0.39% | -0.48% | |
| CHF | -0.18% | 0.02% | 0.04% | 0.08% | 0.76% | 0.09% | 0.48% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).
Source: https://www.fxstreet.com/news/germanys-industrial-production-drops-14-mom-in-september-vs-01-expected-202311070702