German Industrial Output for March Posts a Surprising Jump - Forex News by FX Leaders
European manufacturing has been softening considerably this year

German Industrial Output for March Posts a Surprising Jump

Posted Wednesday, May 8, 2019 by
Arslan Butt • 1 min read

German industrial output posted a surprising but good jump in March, registering a 0.5 percent increase. The figure came in better than expected – the expectations were for a 0.5 percent decline.

An increase in production of consumer goods and construction has helped boost this positive figure released by the Statistics Office. However, the German economy ministry expects growth in the industrial sector to remain subdued in the near future as the business climate looks a little down.

Previously, Germany had slashed its growth forecasts for 2019 to 0.5 percent, significantly lower than the 2.2 percent growth in 2017 and 1.4 percent in 2018. Trade tensions around the world and Brexit woes are adding to the uncertainty and the gloom in Germany’s manufacturing sector.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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