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.