Germany: Industrial output rebounds in April
June 10, 2022
On a seasonally-adjusted monthly basis, industrial production rose 0.7% in April (March: -3.7% mom). The print reflected growth in the production of capital and intermediate goods, while energy output skyrocketed. On the other hand, production of consumer goods and output in the construction sector fell.
Industrial output fell 2.2% year on year in working-day adjusted terms in April (March: -3.1% yoy). Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 1.6% in April, from March's 3.6% reading.
Author: Jan Lammersen, Economist