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German Industrial Output Jumps by 0.7%, Lower-Than-Anticipated in April

June 8, 2022 by Forex Winner Leave a Comment

German Industrial Output Jumps by 0.7%, Lower-Than-Anticipated in April

Source: Federal Statistical Office

German industrial production bounced back but rose less than anticipated in April as COVID restrictions and war in Ukraine hurt supply chains. DAX down -0.59%, EURUSD up +0.37%

  • Industrial output increased by 0.7% in the month after an upwardly revised decline of 3.7% in March.
  • Excluding energy and construction, production output rose by 0.3% in April 2022.
  • Capital goods and intermediate goods rose by 0.9% and 0.4%, accordingly, while the production of consumer goods dropped by 1.3%.
  • Energy production rose by 16.1% as construction output edged down by 2.1%.
  • German industrial orders decreased more than anticipated in April. The third consecutive fall is attributable to weaker and increased uncertainty due to Russia’s invasion of Ukraine.

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