Germany’s industrial output, exports increase in February
The increase in industrial output was attributed to higher production of capital goods, which rose 1.2%. Intermediate goods output also increased 0.2% in February while consumer goods production fell 0.3%.
Meanwhile, Germany’s exports and imports expanded in February, according to a separate report from the country’s statistical office Destatis. Exports rose 1.5% on the month in February after declining 2.1% in January while imports grew 1.8% following a 0.2% drop in the previous month. On a yearly basis, Germany’s exports climbed 3.9% while imports rose 0.8%.
Germany’s trade surplus rose to €19.2 billion in February from €15.9 billion in the previous month to beat economists’ estimates, which called for an increase to €19 billion.
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