Germany industrial production

In March 2023, Germany industrial production fell 3.4% month-over-month, reversing a 2.1% increase in February that had been upwardly corrected, and worse than the 1.3% decline predicted by the market. The manufacturing of motor vehicles and their components fell 6.5%, following a 6.9% increase in February, making the automotive industry the biggest drag. Construction (-4.6%), manufacturing of machinery and equipment (-3.4%), and the production of capital goods (-4.4%), intermediate goods (-3.5%), and consumer goods (-0.1%) all experienced declines. But energy output increased by 0.8%. Industrial output decreased 3.3% when construction and energy were excluded. Production in Q1 2023 was 2.5% greater than it was in the previous quarter. Source: Federal Statistical Office

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