The volume of industrial production in Germany in February decreased by 1.3% compared to the previous month, according to the country’s statistical office. Analysts on average expected a 1.1% decline, according to Trading Economics.

Following the revision, the estimate of industrial production growth in January was confirmed at 2%.

The decline in industrial production in February was primarily due to a 3.2% decline in the construction industry, the department said. Food production decreased by 5.3% and energy production by 3.3%.

Meanwhile, the output of electrical equipment increased by 3.3%. The output of capital goods increased by 0.2%, consumer goods decreased by 3%, and intermediate goods by 0.4%. In annual terms, industrial production in Germany fell by 4% in February.

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Industrial production in Germany