According to the latest data released by the Federal Statistical Office (Destatis) on Thursday, the German industrial sector achieved a turnaround in November.

The industrial output of the Eurozone's economic powerhouses increased by 1.5% month on month, according to the Federal Statistical Office (Destatis), which adjusted for seasonal and calendar effects, compared to the expected 0.5% rebound and 1.0% decline in October.

The annual industrial production rate in Germany decreased by 2.8% in November, and was revised to -4.2% in October.

Reaction of Euro/USD to German Industrial Production Data

Despite the positive data in Germany, it failed to stimulate euro buying, and as of press time, the euro/dollar fell 0.15% on the day to 1.0300.