German industrial production fell in March more than expected. Manufacturing and construction sectors showed also weak results, according to report released by Federal Ministry for Economic Affairs and Energy. The report shows that increase of new orders and growth of positive corporative expectations signal about growth of industrial activity in the nearest outlook.
German industrial production adjusted to season and calendar peculiarities fell in March by 1.3%. Experts expected a fall by 0.2%.
However German industrial production rose in general by 1.8% versus Q4, 2015. Federal Ministry for Economic Affairs and Energy notes that current tendency of production is positive.
It should be mentioned that German trade balance hit its maximum at 23.6 billion euro since August 1990, notes Destatis. Export rose by 1.9% versus February, while import fell by 2.3%.
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