Brandenburg Gate in Berlin, Germany

Germany Industry February 2020

Germany: Industrial production growth eases notably in February

Industrial output grew 0.3% month-on-month in February, down from the revised 3.2% increase in January (previously reported: +3.0% month-on-month). The print reflected falling capital goods production and construction activity partially offsetting output growth in consumer, intermediate goods and energy.

On an annual basis, industrial production fell 1.2% in February, down from the revised 0.9% contraction in December (previously reported: -1.3% year-on-year). Annual average industrial production dropped 3.3% in February, down from a 3.2% fall in the prior month.

Looking ahead, the industrial sector is expected to take a hit from the Covid-19 pandemic and government-imposed social distancing measures to prevent the spread of the virus, which should limit productive capacity. The longevity and severity of the pandemic remains uncertain but will have a significant bearing on the sector’s fortunes.

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