Daily Management Review

German industrial production rises better than forecast in February


Germany's seasonally adjusted industrial output rose 0.2% in February compared to the previous month after a 1.4% growth in January (the figure was revised from 2.7% earlier), according to the country's Ministry of Economics and Technology.

Analysts polled by DailyFX expected industrial production to remain at the same level as in January.

On an annualized basis, the country's industrial production rose 3.2% in February, up from a 1.1% increase in January (revised after a 2.7% increase).

In February, the industrial production excluding the energy and construction sectors grew by 0.1% compared to January. Production of manufactured goods decreased by 2%, while consumer goods increased by 4.4%.

source: dailyfx.com