German Industrial Output Declines Second Month, Much More than Expected

May 10, 2016

by Mike ‘Mish’ Shedlock
Mish Talk

Germany’s industrial production declined 1.3% vs. an expected decline of 0.2%. Last month industrial production declined a revised 0.7%.

Data is for March and February so the reports are about as timely as US GDP releases. Nonetheless, let’s take a look.

Bloomberg reports German Industrial Output Falls for Second Month as Demand Cools.

German industrial production declined more than expected in March, a second consecutive drop that could signal slackening demand in Europe’s largest economy.

Production, adjusted for seasonal swings, fell 1.3 percent from the prior month, when it dropped a revised 0.7 percent, data from the Economy Ministry in Berlin showed on Tuesday. Economists in a Bloomberg survey had predicted 0.2 percent decline in the typically volatile gauge. Output rose 0.3 percent from a year earlier.

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