Germany: Annual Industrial Production drops 2.6% in December

FXStreet (Barcelona) - Year-over-year German Industrial Production grew by 2.6% in December, down from the 3.8% increase registered the previous month, according to data released by the Statistisches Bundesamt Deutschland.

On a monthly basis Industrial Production fell 0.6%, following a 2.4% rise and against forecasts of climbing 0.5%.

ECB's Mersch: Monetary policy gaining traction in the Eurozone

ECB Executive Board member Yves Mersch said on Friday that recent data pointed to a pickup in Eurozone growth. He suggested that ECB's monetary policy moves were permeating further into the economy, allowing business and households to feel their benefits, especially through bank lending.
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