According to provisional data from
the Federal Statistical Office (Destatis), industrial production
in real terms (price adjusted) increased 2.1% month on month in
February 2024 after seasonal and calendar adjustments. The
construction industry's performance (+7.9% after seasonal and
calendar adjustments) accounts for the majority of the
month-on-month increase in industrial production in February
2024. In contrast, the drop in production in the energy sector
(-6.5%) had a significant negative impact on overall
performance.
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