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German Feb. Industrial Output Declines More Than Expected

Germany's industrial production declined more than expected in February, data from the Federal Ministry of Economy and Technology showed Thursday.

Industrial output dropped 1.3 percent in February from a month ago, offsetting January's 1.2 percent growth. Economists had expected a 0.5 percent decrease.

On a yearly basis, industrial production slipped unexpectedly by an adjusted 1 percent, reversing a 1.5 percent rise in January. The consensus forecast called for an increase of 0.5 percent.

Meanwhile, unadjusted industrial output grew 1.2 percent annually, slower than the 4.6 percent increase in January.

by RTTNews Staff Writer

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