German Industrial Production unexpectedly drops 0.2% in August, EUR/USD unfazed

Industrial Production in Germany unexpectedly fell in August, the official data showed on Wednesday, suggesting that the recovery in the manufacturing sector likely lost momentum.

The industrial output came in at -0.2% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, vs. a 1.5% increase expected and +1.2% last.

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