German industrial output lower than expected

Note: This section contains information in English only.
Source: Bloomberg
Germany's industrial production growth was smaller than forecast as the country faced distress in its relations with Russia. The industrial output grew 0.3% in June compared to the 1.7% decline the previous month and with the EU agreeing on sanctions against Russia many of its other economic indicators have also reached lower levels. In addition the EUR/USD pair fell to 1.3376 after the news.

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