Industrial production in Germany fell by 0.7% in March compared to the previous month, according to the country’s statistics office. Analysts had expected industrial production to rise by 0.5% on average, according to Trading Economics.
According to revised data, the figure fell by 0.5% in February, whereas a 0.3% decline had previously been reported.
Output of consumer goods fell by 1.9% in March, while output of capital goods declined by 1.6%. Meanwhile, production of intermediate goods rose by 0.8%.
Production in the machinery sector decreased by 2.7%, and the energy sector saw a 4% decline. Meanwhile, construction output increased by 1.9%, and automotive production also rose by 1.9%.
On an annual basis, industrial production in Germany fell by 2.8% in March, following a 0.2% decline the previous month.
