German Industrial Production declines 1.3% MoM in February vs. -1.1% expected

Germany’s industrial sector returned to contraction in February, according to the latest data published by Destatis on Monday.

In the Eurozone’s economic powerhouse, Industrial Output dropped 1.3% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, against the expected 1.1% decline and a 2% rebound in January.