Market Updates: German Industrial Production Surges by 0.7%

In March 2019, German factory output grew amid a surge in construction. Production expanded 0.7%, beating economist estimates for a 0.5% gain.

Output was down 0.4% on the year. The Euro edged higher after the report and was up 0.1%. The Economy Ministry stated warm weather added to the “good result,” warning that momentum in the industry will remain low amid weak orders and subdued sentiment.