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.
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