FXStreet (Mumbai) – The data released by the Federal Statistical Office (Destatis) on Tuesday showed the German industrial production in May stalled month-on-month, missing the estimate of a 0.1% gain. The figure stood at 0.9% in April.
As per the official report, In May 2015, production in industry excluding energy and construction was up by 0.4%. Within industry, the production of capital goods increased by 0.4% and the production of consumer goods by 1.3%. A decrease of production was recorded for intermediate goods (0.2%). Energy production fell by 3.1% in May 2015 and the production in construction decreased by 0.5%.
(Market News Provided by FXstreet)