Industrial production in Germany unexpectedly increased in February
April, 07 2020
Industrial production in Germany in February unexpectedly showed an increase. At the same time, the Ministry of Economy of Germany noted that the decline in production will still be recorded in March and April – due to the measures introduced by the authorities to combat coronavirus, which undermined business activity in the country.
According to recent data, industrial production in February increased by 0.3% compared with January. Analysts polled by Reuters on average predicted a decline of 0.9%. Consumer goods output in Germany increased by 1.8%. At the same time, the output of capital goods fell by 0.3%.
Experts note that Europe's largest economy has been hit hard by the effects of the coronavirus pandemic and is expected to fall into recession in 2020.
