Today, the February data on the volume of industrial production in Germany were published, which turned out to be generally positive: the figure rose by 2.0%, which is significantly more than the 0.1% expected by experts. Serious upward dynamics was achieved mainly due to an increase in car production. Observers believe that the German industrial sector is recovering, and a large number of orders and lower energy prices may support it in the future. At the same time, the March index of business activity in the construction sector disappointed investors: the overall indicator for the eurozone fell from 47.6 points to 45.0 points instead of rising to 49.1 points, and for Germany it decreased from 48.6 points to 42.9 points. We also note the latest comments of Philip Lane, Chief Economist of the European Central Bank (ECB), who said that food inflation in the eurozone is still increasing and is now a key driver of consumer price growth. Lane noted that its peak has not yet been passed, but said that he still expects it to begin to decline during the year.
