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German industrial production inches up 0.2% in November

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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%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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