BERLIN (Reuters) – German industrial production rose significantly more than expected in February due in part to vehicle manufacturing, increasing 2.0% on the previous month, the federal statistical office said on Thursday.
In a Reuters poll, analysts had pointed to a slight increase of 0.1%.
The statistics office also revised the figure for January to a 3.7% increase, up from 3.5%. With the revision, the adjusted index of production since December 2022 rose by 5.8%, which more than compensated the significant decline of 2.4% in December.
Year-on-year, industrial production rose 0.6% in February.
Production expanded in most economic sectors in February but manufacturing of motor vehicles, Germany’s largest industrial sector, accounted for a particularly large share of the increase.
The office offers more detailed data on its website.
(Reporting by Linda Pasquini and Maria Martinez; Editing by Friederike Heine)
