(Finance) – German production fell sharply in March. According to theGerman Statistical Office Destatis, industrial production showed a monthly decrease of 3.9%, after + 0.1% in February (figure revised by a preliminary + 0.3%). The data also appears worse than analysts’ estimates who had predicted a 1% drop.
On an annual basis there is a contraction of 3.5% from the previous + 3.2% and against expectations of -0.4%.