Business news from Ukraine

Business news from Ukraine

Industrial production in Germany rose 0.9% in May

Industrial production in Germany rose 0.9% in May compared with the previous month—the largest increase since March of last year—according to the country’s statistics office.

Analysts had expected industrial production to rise by 0.2% on average, according to Trading Economics.

According to revised data, the figure rose by 0.2% in April, rather than 0.4% as previously reported.

Output of consumer goods rose by 1.2% in May, while output of capital goods increased by 1.3%. Meanwhile, production of intermediate goods fell by 0.4%.

Output in the automotive industry increased by 3.6%, construction output by 0.9%, and energy production by 0.8%.

On a year-over-year basis, industrial production in Germany remained unchanged in May after falling by 0.9% the previous month.

 

Industrial production in Germany declined again in February

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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