The German industrial production increased in March by 2.5%, surpassing the estimated 2.3% increase. In February, the indicator fell 1.9% (revised from -1.6%). This is the first rise after two consecutive months of declines, showing the largest increase recorded since last October.
Annually, industrial production rose 5.1% in March, its highest rise since January 2018. In February the indicator stood at -6.8% (revised from -6.4%).
The German trade balance for March reduced its surplus to 14.3B euros from the previous 18.9B, falling below the 19.5B expected by the market. This is the lowest surplus on record since May 2020.
The German exports grew 1.2%, above the 0.5% forecast and the previous 1% (revised figure of 0.9%).
Finally, imports rose 6.5% compared to the previous 3.6% and 0.7% of the consensus, registering their largest increase in nine months.
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