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German Industrial Production plunges 4.3% MoM in August vs. -1% expected

Germany’s industrial sector activity decreased more than expected in August, the latest data published by Destatis showed on Wednesday.

In the Eurozone’s top economy, Industrial Output slumped by 4.3% over the month in August, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, compared with the expected -1% figure and a 1.3% growth in July.

Crude oil price today: WTI price bullish at European opening

West Texas Intermediate (WTI) Oil price advances on Wednesday, early in the European session. WTI trades at $61.95 per barrel, up from Tuesday’s close at $61.74.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $65.56 price posted on Tuesday, and trading at $65.77.
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Germany Industrial Production n.s.a. w.d.a. (YoY) fell from previous 1.5% to -3.9% in August

Germany Industrial Production n.s.a. w.d.a. (YoY) fell from previous 1.5% to -3.9% in August
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