German industrial production slips in February

6th April 2016, Comments 0 comments

German industrial production declined in February, but not as sharply as expected, weighed down by falling activity in the manufacturing and energy sectors, the economy ministry said on Wednesday.

The ministry calculated that factory output -- a key yardstick for gauging the health of Europe's biggest economy -- contracted by 0.5 percent in February compared with a month earlier, corrected for seasonal factors.

Analysts had been projecting in a sharper decline of 1.5 percent in February following a jump of 2.3 percent in January.

Manufacturing output was down by 0.5 percent month-on-month and energy output dropped by 1.8 percent, while the mild weather pushed construction output up by 1.3 percent, the ministry said.

© 2016 AFP

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