German Industrial Production rebounds by 2.7% MoM in January, a big beat

Industrial Production in Germany jumped more than expected in January, the official data showed on Tuesday, suggesting that the manufacturing sector recovery is gathering steam.

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About German Industrial Production

The Industrial Production released by the Statistisches Bundesamt Deutschland measures outputs of the German factories and mines. Changes in industrial production are widely followed as a major indicator of strength in the manufacturing sector. A high reading is seen as positive (or bullish) for the EUR, whereas a low reading is seen as negative (or bearish).