Select Language

German Industrial Production jumps 3% MoM in March vs. 0.8% expected

Breaking news

German Industrial Production jumps 3% MoM in March vs. 0.8% expected

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
New update 2025.05.08 15:16
German Industrial Production jumps 3% MoM in March vs. 0.8% expected

update 2025.05.08 15:16

Germany's industrial sector activity increased more than expected in March, according to the latest data published by Destatis on Thursday.

In the Eurozone's economic powerhouse, Industrial Output jumped 3% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, against the expected 0.8% increase and a 1.3% decline in February.

German Industrial Production dropped 0.2% year-over-year (YoY) in March versus February's -4.1%.

Separately, Germany's Trade Balance for March came in at EUR21.1 billion versus EUR19.1 billion expected and EUR17.9 billion previous.

EUR/USD reaction to the German Industrial Production data

EUR/USD stays defensive after the upbeat German data, trading flat on the day at around 1.1300 at the press time.

Euro PRICE Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the New Zealand Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD 0.06% -0.11% 0.13% 0.08% -0.12% -0.21% 0.31%
EUR -0.06% -0.15% 0.07% -0.00% -0.18% -0.26% 0.26%
GBP 0.11% 0.15% 0.25% 0.16% -0.01% -0.10% 0.38%
JPY -0.13% -0.07% -0.25% -0.06% -0.25% -0.34% 0.14%
CAD -0.08% 0.00% -0.16% 0.06% -0.19% -0.29% 0.19%
AUD 0.12% 0.18% 0.00% 0.25% 0.19% -0.08% 0.40%
NZD 0.21% 0.26% 0.10% 0.34% 0.29% 0.08% 0.48%
CHF -0.31% -0.26% -0.38% -0.14% -0.19% -0.40% -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 US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).


Date

Created

 : 2025.05.08

Update

Last updated

 : 2025.05.08

Related articles


Show more

FXStreet

Financial media

arrow
FXStreet

FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.

Was this article helpful?

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.

Most viewed

US Dollar Index swings back above 100.00 on potential US-UK  trade deal 

The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, extends gains on Thursday following the Federal Reserve (Fed) decision and the upcoming announcement by Donald Trump on a "major trade deal" between the United States (US) and, reportedly, th
New
update2025.05.08 20:26

Mexican Peso broadly steadies even as renewed trade optimism lifts market sentiment

The Mexican Peso (MXN) swings between mild gains and losses against the US Dollar (USD) on Thursday, amid steady positioning following the Federal Reserve's cautious tone, the upcoming announcement of a trade deal between the United States and the United Kingdom and ahead of Mexico's latest inflatio
New
update2025.05.08 20:06

USD/CNH: The level to watch is at 7.1700 - UOB Group

US Dollar (USD) is expected to trade between 7.2070 and 7.2370 vs Chinese Yuan (CNH). In the longer run, USD could range-trade for a few days before resuming its decline; the level to watch is at 7.1700, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
update2025.05.08 19:36

USD/CAD moves higher after failing to break below 1.3800 - BBH

USD/CAD climbs after a failed attempt to break key technical support at 1.3800, with ongoing trade uncertainties keeping pressure on the Canadian Dollar (CAD), BBH FX analysts report.
New
update2025.05.08 19:34

USD/CHF rises above 0.8250 as Fed sees no rush to interest rate cuts

The USD/CHF pair moves higher above 0.8250 during European trading hours on Thursday. The Swiss Franc pair gains as the US Dollar (USD) trades higher after the Federal Reserve (Fed) signaled that it is in no hurry to lower interest rates.
New
update2025.05.08 19:32

USD/JPY is still consolidating - UOB Group

Bias for US Dollar (USD) is tilted to the upside vs Japanese Yen (JPY), with scope for a test of 144.30. In the longer run, USD is still consolidating; moderating price swings point to a tighter range of 142.20/145.30, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
update2025.05.08 19:30

USD/JPY breaks above 144.00 after dovish BoJ minutes - BBH

USD/JPY has firmed above 144.00 as dovish BoJ signals and downgraded forecasts reinforce the view that Japan's rate hike cycle is near its end, BBH FX analysts report.
New
update2025.05.08 19:26

NZD/USD: Likely to trade between 0.5890 and 0.6030 - UOB Group

Sharp drop appears overdone, but New Zealand Dollar (NZD) could decline to 0.5920 against US Dollar (USD) before stabilisation is likely.
New
update2025.05.08 19:22

BoE expected to cut to 4.25% amid trade war risks - Danske Bank

The BoE is expected to deliver a 25bps rate cut and a dovish tone, with EUR/GBP likely to rise as inflation undershoots and growth concerns persist, Danske Bank's FX analysts report.
New
update2025.05.08 19:19

GBP rises on hopes of UK-US trade deal - BBH

GBP is outperforming most major currencies. The prospect of a UK-US trade deal significantly reduces the downside risk to UK economic activity, BBH FX analysts report.
New
update2025.05.08 19:13

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree
share
Share
Cancel