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Germany’s industrial output unexpectedly falls 1.3% in March

by ChemOrbis Editorial Team -
  • 10/05/2016 (15:09)
According to data released by Germany’s Economy Ministry, the country’s industrial production unexpectedly fell 1.3% after adjusting for seasonal swings and calendar effects in March from a month earlier compared with Wall Street Journal economists’ expectations, which called for a smaller drop of 0.2%. Germany’s output was dragged lower as both manufacturing and construction output fell from the preceding month.

Germany’s manufacturing output declined 1.2% while construction output and investment goods output also dropped 3.2% and 1.4%, respectively.

Data from Germany’s official statistics office Destatis showed that Germany’s exports rose 1.9% in March from a month earlier while imports declined 2.3%. Meanwhile, Germany’s trade surplus reached a record high of €23.6 billion ($26.9 billion) in March, indicating the highest trade surplus since August 1990.
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