Industrial Production. Germany, 08:00 (GMT+2)

The data on industrial production are due at 08:00 (GMT+2). The indicator is expected to grow to 2.6% in July from 2.5% a month earlier. MoM the indicator is likely to grow to 0.2% in July from –0.9% a month earlier. The indicator shows the volume of production in the industrial sector of Germany. This is one of the main indicators of the state of German economy. The growth of the indicator leads to the strengthening of EUR, and its fall puts pressure on the European currency.

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