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July 7, 2025
Euro traded at 1.1737 against USD at 9:00 AM PST
Germany's industrial production rebounded in May, driven by robust demand for automobile and pharmaceutical products. Industrial production grew 1.2% in May from a month ago; output in April was down by 1.6%. Yearly, industrial production increased by 1.0%, in contrast to the 2.1% decrease seen in April.
The auto industry grew 4.9% and the pharmaceutical industry expanded 10.0%. Excluding energy and construction, industrial production climbed 1.4%. Energy production surged 10.8%, while construction output was down 3.9%. Production of capital goods moved up 4.1% and consumer goods gained 0.5%. Meanwhile, intermediate goods output declined 2.1%.
On the one side, downside risks increased due to ongoing trade tensions. A stronger euro and hot summer weather are bringing water levels in Germany's rivers to unprecedentedly low levels. The fact that the German government is implementing its fiscal plans without setbacks is keeping hopes high for more investment and stronger growth in 2026 and beyond. 07/07/2025 - 05:36:00 (RTTNews)
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