German Industrial Production Falls Unexpectedly in March
German industrial production declined unexpectedly in March, highlighting ongoing weakness in Europe’s largest economy and its manufacturing sector.
According to data released by Germany’s federal statistics office on Friday, industrial output fell 0.7% compared to the previous month.
Economists Had Expected Growth
The latest figures came in significantly below market expectations.
Economists surveyed by Reuters had forecast a monthly increase of 0.5%, making the reported decline an unexpected setback for Germany’s industrial sector.
The weaker-than-expected data is likely to increase concerns over slowing manufacturing activity and broader economic momentum in Germany.
