Germany April industrial production +0.3% vs +0.6% m/m expected

  • Latest data released by Destatis - 7 June 2023
  • Prior -3.4%; revised to -2.1%

German industrial output increased slightly in April, but that comes after the sharp drop in March - despite a revision higher. Looking at the details, the production of consumer goods increased by 1.5% but that is offset by declines in production of capital goods (-0.3%), production of intermediate goods (-0.2%), as well as energy production (-1.5%).

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