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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Industrial production in Germany unexpectedly increased in February

April, 07 2020
watermark Economic news

Industrial production in Germany in February unexpectedly showed an increase. At the same time, the Ministry of Economy of Germany noted that the decline in production will still be recorded in March and April – due to the measures introduced by the authorities to combat coronavirus, which undermined business activity in the country.

According to recent data, industrial production in February increased by 0.3% compared with January. Analysts polled by Reuters on average predicted a decline of 0.9%. Consumer goods output in Germany increased by 1.8%. At the same time, the output of capital goods fell by 0.3%.

Experts note that Europe's largest economy has been hit hard by the effects of the coronavirus pandemic and is expected to fall into recession in 2020.

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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.