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April industrial production up in Germany, down in France

by ChemOrbis Editorial Team -
  • 12/06/2017 (15:05)
According to the data from Germany’s statistics office Destatis, the country’s industrial production was slightly up by 0.8% on a monthly basis in April following a revised decrease of 0.1% in March and beat the estimates of a rise of 0.5%. The data also showed a rise of 2.9% in the country’s output in April on a yearly basis.

The data indicated that the rise in industrial output in April was due to increases of 5.7% and 1% in energy production and in production of intermediate goods respectively. Production of capital goods also climbed slightly by 0.3% while production in construction declined by 0.1%.

Unlike the industrial output in Germany, the data from Insee showed that the industrial output in France decreased by 0.5% in April month-on-month following a revised increase of 2.2% in March and missed the estimates of a rise of 0.2%. However, the country’s industrial production was up by 0.8% in April year-on-year.

The data showed that the fall in output in April was mainly driven by a 1.2% decrease in manufacturing after a rise of 2.8% in March. However, the production in construction sector rebounded by 3.4% after a fall of 5.4% in March.
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