Germany: Industrial production rebounds in April
June 6, 2014
In April, industrial output expanded a seasonally-adjusted 0.2% over the previous month, which contrasted the revised 0.6% contraction registered in March (previously reported: -0.5% month-on-month) and came in below the 0.4% increase that the markets had expected. April’s rebound was driven by expansions in manufacturing production and in electricity production.
Compared to the same month last year, industrial output slowed from a 2.9% increase in March to a 1.8% expansion in April. Despite the slowdown recorded in the annual figure, the trend continued to point upward. Annual average growth in industrial production rose from 1.7% in March to 1.8% in April.
Author: Ricardo Aceves, Senior Economist