Germany March productive output rises 1.2% from February

08 May 2013 13:24  [Source: ICIS news]

LONDON (ICIS)--Production from industry, construction, energy and mining in Germany rose 1.2% in March from February, with chemicals and pharmaceuticals production also increasing, according to data released on Wednesday.

Germany’s economics ministry said that increased output in the industrial and energy sectors more than offset a decline in building and construction in March.

The increase comes after an upward-revised 0.6% increase in output in February, from January.

On a two-month sequential comparison – February-March versus December-January – overall productive output was up 0.9%. Compared with February-March 2012, it was down 2.2% year on year.

In a related release, Germany’s central bank, the Bundesbank, said that its index for production in Germany’s chemicals and pharmaceuticals sector was 98.4 in March, up from 97.3 in February.

For the 2013 first quarter, the index stands at 98.1, down from 99.9 in the 2012 fourth quarter but up from 97.9 in the 2012 first quarter. The index’s base year is 2010.

Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog

By: Stefan Baumgarten
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