Germany: Mixed details of industrial production data - TDS

Analysts at TD Securities note that the German IP rose 0.7% m/m in February, better than expected, but details were mixed.

Key Quotes

"Manufacturing fell 0.2% m/m, while construction surged 6.8%. Most other components registered declines on the month. German IP has been dragged lower in recent months by slowing demand from Asia (trade war, Chinese New Year) and slower growth in Turkey.”