(ANSA-AFP) - BERLIN, MAY 7 - German industrial output
rebounded in March after two months of decline that had kept the
country's recovery at bay amid continued virus restrictions,
official data showed Friday. Production in Europe's top economy
was up 2.5 percent compared with the previous month, the
Destatis official statistics agency said, after a 1.9 percent
drop in February. The boost outperforms the predictions of
Factset analysts, who had foreseen a rise of 2.0 percent. "After
weaker industrial data in the first months of the year...
industry has finally gained momentum," said Carsten Brzeski, an
analyst for the ING bank. Production was stifled early in the
year by exceptional factors including Brexit, supply problems in
the automotive industry and a slowdown in the construction
sector. (ANSA-AFP).
© Copyright ANSA - All rights reserved