german growth on track despite lower industry output
Last Updated : GMT 16:22:18
Arab Today, arab today
Arab Today, arab today

German growth on track, despite lower industry output

Arab Today, arab today

Arab Today, arab today German growth on track, despite lower industry output

Berlin - AFP

German industrial production eased in March, but not enough to derail recovery in Europe's biggest economy, data showed on Thursday. According to data compiled by the economy ministry, industrial output fell by 0.5 percent in March after rising by 0.6 percent in February. The drop was attributable to falling manufacturing output, which slipped by 0.4 percent, and lower construction output, which was down by 2.2 percent, the ministry calculated. Energy output on the other hand rose by 1.8 percent. Taking the period from January to March combined to iron out short-term fluctuations, industrial output grew by 1.2 percent compared with the preceding three months, the ministry said. "The underlying trend in the manufacturing sector continues to point upwards," it said. However, with the development in industrial orders dampened by the Ukraine crisis, "the upward trend may temporarily lose momentum somewhat," the ministry cautioned. This would particularly be the case in the construction sector, where the traditional spring upturn was proving more muted because the winter had already been very positive as a result of the mild weather.   On Wednesday, the ministry had revealed that industrial orders tumbled 2.8 percent in March as the Ukraine standoff soured demand for German-made goods. But analysts insisted that the output data showed the recovery was still intact. "While some pundits may claim that the small drop in output in March could herald a loss of momentum, monthly data are far too volatile to draw firm conclusions from that," said Berenberg Bank economist Holger Schmieding. "Leading and confidence indicators such as Ifo business confidence and the PMI indices do not herald a major setback for the second quarter," he said. Germany's upswing was broad-based, with domestic demand the key driver, he added. "The data are compatible with our 1.0-percent call for German growth with the first quarter with some upside risk," he said. BayernLB economist Stefan Kipar was also positive. "The March industrial output data support our forecast for growth of 0.6 percent in the first quarter," he said. But he cautioned: "The weak end of the quarter could be a burden for the second quarter, when growth will be weaker than in the first quarter." Nevertheless, the unbroken optimism among companies "suggest that the recovery will continue and the muted March data is only a temporary pause," Kipar said. Natixis economist Johannes Gareis said the strong quarterly reading for industrial output heralds well for the overall growth data, scheduled to be published next week. "Based on the recent data, we expect growth of 0.8 percent," Gareis said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

german growth on track despite lower industry output german growth on track despite lower industry output

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

german growth on track despite lower industry output german growth on track despite lower industry output

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Prince's vision spurs new Cornwall village

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Airbnb raided by Japan

GMT 01:55 2017 Saturday ,18 November

Airbnb raided by Japan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 05:18 2017 Thursday ,16 November

Boeing announces $27bn from flydubai

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday