Investing.com - dustrial production in Germany rose less-than-expected in November, underlining concerns over the impact the euro zone's debt crisis is having on the region's largest economy, official data showed on Wednesday.
In a report, Destatis, Germany's federal statistical office said industrial production inched up by a seasonally adjusted 0.2% in November, compared to expectations for a 1% increase.
Industrial production for October was revised to a 2% drop from a previously reported decline of 2.6%.
German industrial production fell at an annualized rate of 2.9% in November, in line with expectations, after falling by a revised 3% in October.
Following the release of that data, the euro was lower against the U.S. dollar, with EUR/USD easing down 0.12% to trade at 1.3065.
Meanwhile, European stock markets were little changed. The EURO STOXX 50 was flat, France's CAC 40 eased down 0.05%, Germany's DAX dipped 0.1%, while London's FTSE 100 gained 0.25%.
Investing.com - Investing.com offers an extensive set of professional tools for the Forex, Commodities, Futures and the Stock Market including real-time data streaming, a comprehensive economic calendar, as well as financial news and technical & fundamental analysis by in-house experts.
Read more News on Investing.com or Follow us on Twitter at @ Newsinvesting
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
