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German industrial production collapses more than expected in March

German industrial production fell sharply in March due to worsening supply chain problems and higher input prices.

The total industrial production – consisting of production in the manufacturing sector, in the energy sector and in the construction industry – fell by 3.9% in March compared to the previous month, the statistics office Destatis announced on Friday. Economists polled by the Wall Street Journal had forecast a 1.0% decline.

In February, industrial production increased by 0.1% compared to a previously estimated increase of 0.2%.

Manufacturing output fell 4.6% month-on-month and energy production fell 11.4%, while construction output rose 1.1%, the data showed.

On an annualized basis, industrial production fell 3.5% in March, Destatis said.

Germany’s industrial production data follows Thursday’s release of manufacturing orders, which fell an adjusted 4.7% mom in March.

Write to Maria Martinez at maria.martinez@wsj.com

https://www.marketwatch.com/story/german-industrial-output-fell-more-sharply-than-expected-in-march-271651817796?rss=1&siteid=rss German industrial production collapses more than expected in March

Brian Lowry

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