German Industrial Output Misses Forecasts in April
German industrial production rose 0.4% in April, missing analyst expectations of a 0.5% increase as the broader manufacturing sector continues to stagnate. While exports grew by an unexpected 0.9%, economists warn that weak leading indicators point toward a potential economic contraction in the second quarter.
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Germany industrial production rose 0.4% in April, missing the 0.5% growth forecast set by analysts polled by Reuters. This marks the first monthly output gain since the conflict in Iran began, though production remains 0.5% lower on a three-month basis. Stagnating output and weak leading indicators suggest the euro area's largest economy will contract slightly during the second quarter.
