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Dow Jones Newswires: German industrial output drops more sharply...

Dow Jones Newswires: German industrial output drops more sharply than expected in March


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By Maria Martinez

German industrial production fell sharply in March due to an intensification in supply-chain problems and higher input prices.

Total industrial output–comprising production in manufacturing, energy and construction–fell 3.9% in March compared with the previous month in calendar-adjusted terms, statistics office Destatis said Friday. Economists polled by The Wall Street Journal had forecast a 1.0% decline.

In February, industrial production increased 0.1% compared with a 0.2% rise previously estimated.

Manufacturing production fell 4.6% on month and energy production was down 11.4%, while production in construction increased 1.1%, the data showed.

On an annual basis, industrial output declined 3.5% in March, Destatis said.

Germany’s industrial-production data follows the publication of manufacturing orders on Thursday, which logged a 4.7% on-month decline in March in adjusted terms.

Write to Maria Martinez at [email protected]

Source: MarketWatch.com

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