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POST TIME: 6 April, 2019 00:00 00 AM
Builders bring Feb rebound for Germany
AFP, Frankfurt Am Main

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.