Market news
05.04.2019, 06:15

Germany industrial production grew more than expected in February

According to provisional data of the Federal Statistical Office (Destatis), in February 2019, production in industry was up 0.7% on the previous month on a price, seasonally and calendar adjusted basis. Economists had expected a 0.5% increase. The revision of the provisional data for January 2019 resulted in a change rate of 0.0% compared with December 2018 (provisional value: -0.8%).

In February 2019, production in industry excluding energy and construction was down 0.2% month on month. Within industry, the production of capital goods increased by 0.6%, while the production of intermediate goods decreased by 0.6% and of consumer goods by 1.6%. Outside industry, energy production was down 3.1% and the production in construction up 6.8% in February 2019 month on month.

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