9 Apr 2015
German industrial production rises 0.2% month-on-month in February
FXStreet (Mumbai) - As per the data released by the Federal Statistical Office (Destatis), the German industrial production was up by 0.2% in February from the previous month on a price, seasonally and working day adjusted basis, compared to the expectation of a 0.1% gain. The output had contracted 0.4% in January.
In February 2015, production in industry excluding energy and construction was up by 0.5%. Within industry, the production of intermediate goods increased by 0.2% and the production of capital goods by 1.2%. A decrease of production was recorded for consumer goods (–0.3%). Energy production was up 1.2% on the previous month while production in construction fell by 3.1%.
Trade surplus rises
The trade balance showed a surplus of 19.2 billion euros in February 2015. In February 2014, the trade surplus had been 16.2 billion euros. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 19.7 billion euros in February 2015.
German exports increased by 3.9% and imports by 0.8% in February 2015 year on year. After calendar and seasonal adjustment, exports rose by 1.5% and imports by 1.8% compared with January 2015.
In February 2015, production in industry excluding energy and construction was up by 0.5%. Within industry, the production of intermediate goods increased by 0.2% and the production of capital goods by 1.2%. A decrease of production was recorded for consumer goods (–0.3%). Energy production was up 1.2% on the previous month while production in construction fell by 3.1%.
Trade surplus rises
The trade balance showed a surplus of 19.2 billion euros in February 2015. In February 2014, the trade surplus had been 16.2 billion euros. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 19.7 billion euros in February 2015.
German exports increased by 3.9% and imports by 0.8% in February 2015 year on year. After calendar and seasonal adjustment, exports rose by 1.5% and imports by 1.8% compared with January 2015.