What conclusion do you get from the observation that a current-carrying wire deflects a compass needle placed near it?

The conclusion after observing a current-carrying wire that deflects a compass needle placed near it is that the wire is producing the magnetic field around the needle.

Extra information for reference only

A compass needle gets deflected when brought close to a current-carrying wire because the needle of a compass is made of a small piece of magnetized steel (permanent magnet).