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.

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German industrial production rises better than forecast in February © Daily Management Review

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

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