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
Want to learn how to trade this data?
Get in touch. Please visit our WEBSITE, or any social media platform for an in depth explanation of how Swap Hunter and Carry Trading works as a hedge against market volatility and inflation and recession.