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- Germany's industrial production unexpectedly increased in February
Germany's industrial production unexpectedly increased in February
According to the report from Federal Statistical Office (Destatis), in February 2020, the coronavirus pandemic did not yet have any notable impact on the production in industry in Germany. The production in industry was up by 0.3% on the previous month on a price, seasonally and calendar adjusted basis. The data do not yet contain the latest figures of the local units in Rheinland-Pfalz but estimates thereof. Economists had expected a 0.9% decrease.
In February 2020, production in industry excluding energy and construction was up by 0.4%. Within industry, the production of intermediate goods increased by 0.8% and the production of consumer goods by 1.8. The production of capital goods showed a decrease by 0.3%. Outside industry, energy production was up by 2.7% in February 2020 and the production in construction decreased by 1.0%.
In January 2020, the corrected figure shows an increase of 3.2% (primary +3.0%) from December 2019.
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