German Output Unexpectedly Falls on Construction, Investment
- Output dropped 1.6% in February vs. estimated 0.2% gain
- Economy Ministry sees weaker industrial momentum ahead
Photographer: Krisztian Bocsi/Bloomberg
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German industrial production unexpectedly fell in February as construction slumped and output of investment goods dropped. The euro declined.
Factory output slid 1.6 percent, the biggest monthly decline since August 2015, compared with estimates in a Bloomberg survey for a 0.2 percent gain. Production was up 2.6 percent from the previous year and January’s data was revised to show a small increase, the Economy Ministry said on Friday.