Germany's industrial production expanded more than expected in February, underpinned by the growth in automotive output, and alleviated the risk of recession.
However, a closely watched survey showed that the construction sector continued to contract in March after output and new orders fell at faster rates.
Industrial output grew 2.0 percent on a monthly basis in February, Destatis reported Thursday. This was faster than economists' forecast of 0.1 percent gain. The pace of growth eased from 3.7 percent in January.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.