Germany – Slight setback in production
After two strong increases in succession, German industrial production fell by 0.4% in March compared to February.
Commerzbank Economic Research
May 8 2024
As generally expected, the strong rise in industrial production seen in January and February did not continue in March. However, at -0.4%, the decline compared to February was somewhat smaller than expected, which is partly due to the fact that the February result was revised downwards slightly.
The main reason for the overall decline was a fall in production in manufacturing of the same magnitude. A look at the individual sectors shows that the recovery in production in the energy-intensive sectors (chemicals, metal production, etc.) did not continue in March, while car production increased for the second month in a row.
For full text see attached PDF-Version.
