German industrial production dropped more than expected in March, data released on Friday by the country\u2019s statistics office shows. According to Destatis, Covid-related supply chain issues have been exacerbated by the conflict in Ukraine.<\/p>\n
Production slid by 3.9% last month following a 0.1% increase in February, far outstripping expectations of a one-percent decline. On an annual basis, industrial output slumped by 3.5% in March following a 3.1% jump the month before.<\/p>\n
Manufacturing production lost 4.6% in March and energy production was down 11.4%, while construction output gained 1.1%, according to the data. On Thursday, it was reported that manufacturing orders logged a 4.7% month-on-month decline in March.<\/p>\n
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\nThe largest drop was recorded for capital goods, used by businesses in production, which tumbled by 8.3%.<\/p>\n
\u201cIn these politically and economically difficult times, the decrease also shows a growing reluctance to invest,\u201d the statistics office said in a statement.<\/p>\n
Foreign orders from outside the eurozone nosedived 13.2% in March, while demand from inside the area strengthened by 5.6%. Domestic orders edged down by 1.8%.<\/p>\n
\u201cMany enterprises still have problems completing their orders because of interruptions in supply chains, which is due to continuing Covid-19 crisis restrictions and the war in Ukraine,\u201d Destatis said.<\/p>\n","protected":false},"excerpt":{"rendered":"
German industrial production dropped more than expected in March, data released on Friday by the country\u2019s statistics office shows. According to Destatis, Covid-related supply chain issues have been exacerbated by the conflict in Ukraine. Production slid by 3.9% last month following a 0.1% increase in February, far outstripping expectations of a one-percent decline. On an […]<\/p>\n","protected":false},"author":3,"featured_media":771,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[],"_links":{"self":[{"href":"https:\/\/www.iras.ir\/en\/wp-json\/wp\/v2\/posts\/770"}],"collection":[{"href":"https:\/\/www.iras.ir\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.iras.ir\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.iras.ir\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.iras.ir\/en\/wp-json\/wp\/v2\/comments?post=770"}],"version-history":[{"count":1,"href":"https:\/\/www.iras.ir\/en\/wp-json\/wp\/v2\/posts\/770\/revisions"}],"predecessor-version":[{"id":772,"href":"https:\/\/www.iras.ir\/en\/wp-json\/wp\/v2\/posts\/770\/revisions\/772"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.iras.ir\/en\/wp-json\/wp\/v2\/media\/771"}],"wp:attachment":[{"href":"https:\/\/www.iras.ir\/en\/wp-json\/wp\/v2\/media?parent=770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iras.ir\/en\/wp-json\/wp\/v2\/categories?post=770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.iras.ir\/en\/wp-json\/wp\/v2\/tags?post=770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}