German industrial output beats forecasts
German industrial output rose a seasonally adjusted 1.6 percent in February from January, official data showed Thursday, beating the average economist forecast for a rise of 0.5 percent.
Compared to February 2010, production was up 14.8 percent when adjusted for the difference in the number of working days, with increased activity noticeable across all sectors, the economy ministry said.
On a less volatile two-monthly basis, industrial output rose a seasonally adjusted 2.5 percent in January and February compared to November and December, and was up 13.8 percent compared to January and February 2010.
The figures are a further sign that the German economy is powering ahead after 2009's recession. The country's leading economic institutes forecast economic growth this year of 2.8 percent.
© 2011 AFP