Germany’s industrial production climbed 1.3% month-on-month in July, according to data released by the Federal Statistical Office (Destatis) on Monday. On an annual basis, output was up 1.5%, reflecting steady momentum in Europe’s largest economy despite global headwinds.
Meanwhile, Germany’s trade surplus fell to €14.7 billion in July, marking a decline from previous months as imports remained strong. Economists noted that while production data was encouraging, a narrowing surplus highlights the ongoing challenges in balancing export demand and domestic consumption.
Market reaction
At 8:00 am CET, the DAX traded flat, while the FTSE 100 gained 0.25%. The Euro Stoxx 50 improved 0.28%, and France’s CAC 40 added 0.15% at 8:01 am CET.
In currency markets, the euro held steady at $1.1741 and the pound traded flat at $1.3500 against the dollar at 8:02 am CET.
