Industrial production +0.4% vs +0.5% m/m expectedPrior -0.7%; revised to -0.1%
The increase in industrial output for the month comes mostly from both the construction and energy-intensive industries. When taking into account manufacturing excluding energy and construction, German industrial production for April was unchanged compared to March. Just also note that there was a marked revision higher to the March numbers though.
Of note, the construction sector saw a 2.4% increase in monthly production in April. That largely came from the chemical industry (+2.1%) and in the manufacture of metal products (+1.6%). Meanwhile, production in energy-intensive industries increased by 1.0% compared to March.
Looking at the detailed breakdown, the production of intermediate goods increased by 1.4% and production of consumer goods by 1.9%. Meanwhile, the production of capital goods decreased by 1.5% on the month.
This article was written by Justin Low at investinglive.com.