Builders bring Feb rebound for Germany

German industrial production rebounded in February to beat analysts’ expectations, official data showed Friday, but the construction-led boost offered little relief for observers of Europe’s slowing economic powerhouse. Industrial output added 0.7 percent month-on-month, federal statistics authority Destatis said in data adjusted for seasonal and calendar effects—beating a forecast of 0.5 per cent from analysts surveyed by Factset.

The statisticians also corrected January’s figures, saying production was flat rather than booking a 0.8 percent fall against December as initially reported.

Builders bring Feb rebound for Germany

German industrial production rebounded in February to beat analysts expectations, official data showed Friday, but the construction-led boost offered little relief for observers of Europes slowing economic powerhouse. Industrial output added 0.7 percent month-on-month, federal statistics authority Destatis said in data adjusted for seasonal and calendar effectsbeating a forecast of 0.5 per cent from analysts surveyed by Factset. The statisticians also corrected Januarys figures, saying production was flat rather than booking a 0.8 percent fall against December as initially reported.