A busy week of data for the Eurozone has finished this morning with releases from Germany. Germany’s trade surplus narrowed as the coronavirus pandemic hit global demand. Exports dropped 9.4% due to lower sales, in particular to the UK (-15.7%) and the US (-20.7%).
Industrial production in Germany rose 8.9% month-on-month in June, beating market expectations of 8.1% rise, due to the easing of lockdown restrictions.
Despite positive industrial production figures, the euro is weaker against the pound and dollar this morning.
