German industrial production and exports rebounded in February
Berlin - QNA
German industrial production and exports rebounded in February boosting hopes about the outlook for the nation's growth rate after Europe's biggest economy turned in a weaker start to the year, German press agency (dpa) reported.
A weaker euro helped monthly exports to climb by a stronger-than-forecast 1.5 per cent in February after they contracted by 2.1 per cent in January, the statistics office (Destatis) said.
Imports rose by 1.8 per cent in February as a result cancelling out a 0.2-per-cent fall in January imports.
Analysts had expected exports to rise by 1 per cent and for imports to gain 1.2 per cent.
Output nudged higher by 0.2 per cent in February after sinking by 0.6 per cent in January, Destatis said.
Analysts had predicted a meagre 0.1-per-cent growth in industrial production in February.