Germany's industrial production rose for a second straight month and at the fastest pace in three months in March, defying expectations of a decline, and raised hopes of a strong economic performance in the first quarter.
Industrial production grew 0.5 percent monthly following a 0.4 percent increase in February, which was revised from 0.7 percent, preliminary data from the Federal Statistical Office showed on Wednesday. Economists had forecast a 0.5 percent slump. The surprise growth in production came after news that factory orders rebounded in March, albeit at a slower-than-expected pace.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.