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Germany : Industrial Production  
Released On 4/7/2017 2:00:00 AM For Feb, 2017
PriorPrior RevisedConsensusActual
Month over Month2.8 %2.2 %-0.2 %2.2 %
Year over Year0.0 %-0.5 %2.3 %

Goods production had a surprisingly good February. Following a smaller revised 2.2 percent monthly jump in January, output matched this gain in mid-quarter to boost annual growth from minus 0.5 percent to 2.3 percent.

However, much of the latest monthly spurt was due to a particularly large 13.6 percent surge in the volatile construction sector. The key manufacturing category saw a much more modest 0.9 percent increase although, coming on the heels of a 2.7 percent bounce at the start of the year, this was impressive enough. Indeed, the advance here was reassuringly broad-based with a 1.4 percent rise in consumer goods production supported by a 1.1 percent increase in capital goods and a 0.4 percent gain in intermediates. Energy was up 0.6 percent.

February's buoyancy is consistent with the survey data for the sector and as it stands, average industrial production in January/February was a tidy 1.8 percent above its fourth quarter mean. Moreover, the manufacturing PMI also pointed to a strong March so it looks as if the sector will make a more than useful contribution to what seems increasingly likely to be a very a strong first quarter for German economic growth.

Industrial production measures the physical output of the nation's factories, mines and utilities. Data are collected from companies in the sector with fifty or more employees and include mining and quarrying, manufacturing, energy and, in contrast to its Eurozone counterpart, construction.  Why Investors Care

2017 Release Schedule
Released On: 1/92/73/84/75/96/87/78/79/710/911/712/7
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