Germany: Industrial production growth rebounds softly in February
April 9, 2015
In February, industrial production grew a seasonally-adjusted 0.2% over the previous month, contrasting January’s 0.4% decrease. The reading was in line with market expectations. February’s print mainly reflected that stronger growth in mining and quarrying as well as a turnaround in manufacturing and electricity and energy supply more than offset a contraction in construction.
Compared to the same month of the previous year, industrial production shrunk 0.3% in February, which followed January’s flat reading. The overall trend continued to deteriorate as annual average growth in industrial production edged down from January’s 1.1% to a 13-month low of 0.8% in February.