Industrial production in Germany up 2.5% in March

EPA-EFE/FILIP SINGER

German industrial production in March increased 2.5% compared to the previous month, beating market expectations, the Federal Statistical Office reported on Friday. Moreover, year-over-year industrial output increased by 6.5%.

Excluding non-energy manufacturing and construction, industrial production in March 2021 was up 0.7% when compared to February 2021, with the productions of intermediate goods and consumer goods rising 1.2% and 2.9% respectively.

The production of capital goods was the only area where there was a decrease, falling 0.4% month-over-month, as energy production climbed 2.4% and construction output surged 10.8%.

Baha Breaking News (BBN) / OL