Germany's industrial output stronger in July

Industrial production in Germany returned to growth in July, official data showed on Monday. Industrial output in the euro area's powerhouse improved in July, according to the latest report from the German Federal Statistical Office released on Monday.

Industrial output in Germany posted 0.7% growth in the reported period, seasonally adjusted, after reporting a revised 0.9% negative growth in the preceding month, according to data. However, the number missed estimates of 0.9% growth.

Meanwhile, factory orders in Germany deteriorated in July when measured on a monthly and seasonally adjusted basis, official data revealed on Friday.

Industrial orders in the euro area's number one economy powerhouse dropped 1.4% in the reported period, measured on a monthly and seasonally adjusted basis, while analysts had expected the reading to post a 0.6% decrease. In the prior month, the revised gauge rose 1.8%.

Meanwhile, the German manufacturing sector saw a significant increase in its pace of growth in August with the respective PMI reading coming in above the previous month's results, final data confirmed last week.

The so-called Purchasing Managers' Index (PMI) for the German manufacturing sector booked 53.3 points during the eighth month of the year, following the 51.8 recorded in July, Markit Economics reported.

That's the highest data since April last year, when the gauge climbed to 54.1.

The euro managed to move above $1.11 following an earlier slide below, but the resistance level of $1.1150 remains untouched. Around the time of the European open the euro was moderately flat, down 0.18% at $1.1140.