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- Germany industrial production grew more than expected in February
Germany industrial production grew more than expected in February
According to provisional data of the Federal Statistical Office (Destatis), in February 2019, production in industry was up 0.7% on the previous month on a price, seasonally and calendar adjusted basis. Economists had expected a 0.5% increase. The revision of the provisional data for January 2019 resulted in a change rate of 0.0% compared with December 2018 (provisional value: -0.8%).
In February 2019, production in industry excluding energy and construction was down 0.2% month on month. Within industry, the production of capital goods increased by 0.6%, while the production of intermediate goods decreased by 0.6% and of consumer goods by 1.6%. Outside industry, energy production was down 3.1% and the production in construction up 6.8% in February 2019 month on month.
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