German Industrial Production Rises by 3.6% in February

Industrial Production in Germany showed a sharp increase in February, suggesting that the recovery in the manufacturing sector may have regained momentum.

The industrial output arrived at 3.6% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, vs. a 2.4% rise expected and -3.5% last.

On an annualized basis, the German industrial production plunged by -6.4% in February versus a -4.0% drop recorded in January.