Germany's industrial production up for 5th month in row

Industrial production up 3.2% year-on-year in Feb, but still lower than pre-pandemic level

By Gokhan Ergocun

ISTANBUL (AA) - Germany's industrial production rose 3.2% in February on a yearly basis, said official figures released on Thursday.

Industrial production has been posting increases since last October, the Federal Statistical Office's (Destatis) data showed.

But production numbers are still 3.8% below February 2020, the month before COVID-19 pandemic restrictions came into effect.

"This gap in production is likely because of a continuing shortage of intermediate products, due to which many enterprises have problems completing new orders," the office added.

Kaynak:

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