German Industrial Production declines 1.4% MoM in April vs. -1% expected

Germany’s industrial sector activity fell more than expected in April, according to the latest data published by Destatis on Friday.

In the Eurozone’s economic powerhouse, Industrial Output dropped by 1.4% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, against the expected 1% decrease and a revised 2.3% growth reported in March.

German Industrial Production dropped 1.8% year-over-year (YoY) in April versus March’s -0.7% revision.

Separately, Germany’s Trade Balance for April came in at EUR14.6 billion versus EUR20.2 billion expected and EUR21.2 billion previous.