Germany Industry February 2017

Germany

Germany: Industrial output stable in February

April 7, 2017

Industrial production was stable in February, growing at January’s 2.2% pace. The reading widely overshot market expectations of a 0.1% contraction. February’s print was driven by surging growth in construction and a return to growth in the electricity and energy supply sector. Manufacturing growth slowed, while the mining sector fell into contraction.

Compared to the same month of the previous year, growth in industrial production was 2.5% in February, contrasting the 0.5% contraction registered in January. In February, annual average growth in industrial production was 0.8%, on a par with January’s figure.

Forecasters polled by FocusEconomics expect industrial production to expand 1.2% in 2017, which is up 0.1 percentage points from last month’s forecast. For 2018, the panel sees industrial production increasing 1.4%.


Author:, Economist

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