Germany Industrial Production m/m comes in at -1.1% against -0.4% consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
Germany’s Industrial Production m/m for the latest period came in at -1.1%. This figure was significantly below the consensus forecast of -0.4%. The previous month’s reading was 0.4%. The actual print represented a surprise of -175.0% against the consensus.
In the 15 minutes following the release, the Euro saw varied movements. EURAUD moved -3.6 pips, EURCAD moved -0.6 pips, EURCHF moved +2.7 pips, EURGBP moved -1.0 pips, EURJPY moved +0.7 pips, EURNZD moved +8.1 pips, and EURUSD moved -1.8 pips. These measured reactions are relatively small compared to the typical median 1-hour moves observed after past releases of this event. For instance, EURUSD’s -1.8 pips move is less than its median 1-hour move of 6 pips, and EURNZD’s +8.1 pips move is below its median 1-hour move of 12 pips.