Alemania Producción Industrial (Mensual)

German industrial production declined by 0.4% month-over-month in March 2024, compared with market forecasts of a 0.6% drop, after a downwardly revised 1.7% growth in the prior month. It was the first contraction so far this year as production in manufacturing, which excludes energy and construction, was down 0.4%; while energy output shrank 4.2%. By contrast, construction activity grew by 1.0%. At the same time, production fell for consumer goods (-1.4%) and intermediate ones (-0.6%) while consumer goods were up 0.1%. The less volatile three-month on three-month comparison showed that production was 0.1% higher from January to March 2024 than in the previous three months. Yearly, industrial output fell 3.3% in March, softer than the prior 5.3% slump.