Germany: Industrial production likely to climb 0.6% in March - Nomura

Germany’s latest PMI data suggest that capacity constraints have been affecting production and together with strikes and some bad weather, this compressed economic activity in March, according to analysts at Nomura.

Key Quotes

“While we expect some improvement in the coming months, we forecast industrial production to climb only modestly in March, at 0.6% m-o-m, 2.8% y-o-y.”