According to data released by the National Statistics Agency today, industrial production in Germany and France fell again in February, while Spain showed signs of stabilization.
According to Destatis, in Germany, Europe’s largest economy, industrial output in February fell 1.6% from 2% in January.
The output of capital goods fell the most, down 3.2%. The production of raw materials and energy has also been reduced by one percent.
The construction industry also fell by 1.3%.
Compared with January, the production of consumer goods has almost stagnated.
The Ministry of Economic Affairs pointed out that the expectations of business leaders have risen, and the increase in new orders also “foreshadows an optimistic outlook for the industry in the coming months.”
However, they warned of the uncertainty caused by the coronavirus pandemic.
The INSEE Statistics Office announced on Friday that industrial production in the second Eurozone economy fell sharply in February, down 4.7% from January, and jumped 3.2% at the time.
The decline is the result of the partial closure of certain areas due to a new round of coronavirus infection.
The output of transportation equipment fell the most in February, reaching 11.4%, with the output of the construction and public utilities sectors falling sharply.
Every year, French industrial production drops by 6.6%.
The dpa agency pointed out that the results of a March study by the London company Markit indicate that French industry is recovering. Markit determined that new orders and output have grown the fastest since 2018, and employment has grown the fastest since 2000.
On the other hand, according to the INA Statistics Office, the output of Spanish industry in February fell by 2.1% compared to the same period last year. It fell 2.3% in January.
According to calendar-adjusted data, industrial production fell year-on-year, down 7% from a month ago.
The output of capital goods has fallen the most every year, declining by 7.7%. The production of consumer goods also fell by 2.6%.