Germany: Industrial production rebounds in April
June 8, 2015
In April, industrial production expanded a seasonally-adjusted 0.9% over the previous month, contrasting March’s 0.4% contraction reading and marking the largest gain in four months. In addition, the reading exceeded market expectations of a 0.5% increase. April’s print mainly reflected a turnaround in manufacturing and an acceleration in construction. Conversely, electricity and energy supply slowed and mining and quarrying contracted at a steeper pace than in the previous month.
Compared to the same month last year, industrial production rose 1.4% in April, which followed March’s 0.2% increase. The overall trend stabilized as annual average growth in industrial production remained at March’s 15-month low of 0.6%.