industrialproduction
German industrial production increased for the second consecutive month in February, according to data released by the country's official statistics agency on Monday. Compared with January, industrial output increased by 2.1%, the most dramatic monthly rise seen since January 2023. The figure is far more positive than expected, with Reuters analysts having predicted a 0.3% rise. Annual production, however, is still down 4.9%. The driving force behind the monthly increase was a 7.9% jump in the construction sector, as building projects benefited from milder weather. Carmaking output also rose b...
Euronews (English)
Germany’s factory orders were up 0.2% in February, a monthly increase that fell short of experts’ forecasts. A Reuters poll of analysts had estimated an increase of 0.8%, whilst Bloomberg had predicted a jump of 0.7%. According to Germany's official statistics agency, this marginal uptick was driven by increased demand in the machinery and equipment sector (+10.7% on the previous month), and more orders within the chemical (+3.1%) and pharmaceutical (+6.6%) industries. Experts slash economic growth forecast for 'ailing' Germany February’s growth figure comes after a dramatic monthly fall of -1...
Euronews (English)
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