Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  April 08, 2013 15:12:13

Germany - Industrial output in February grew faster than expected


German industrial production rose in February decreased by 0.5% compared with the January decline of 0.6% compared to market expectations and set to grow by 0.5%. In annual comparison, German industry slowed down by 1.8%. The January data were preliminarily estimated with zero change from December.

Data on industrial production in the key considerations support eurozone country to restore German economic growth during Q1 of this year and is also supported by expectations regarding the development of the entire eurozone.

Production in the manufacturing sector grew in February by 0.5%, Capital goods production grew by 2.4%. Production in the energy sector increased by 3.9%, construction activity fell by 2.7%.
Compared production and machinery manufacturing sector stagnated in February.

Bundesbank previously to address the overall development of the economy of Germany stated that the 1Q counts this year with growth of 0.4% and 1.9% next year. ECB for the same period a cut across the euro area by 0.5% and +1% in 2014.
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