Germany April industrial production +0.3% vs +0.6% m/m expected

• Prior -3.4%; revised to -2.1%

German industrial output increased slightly in April, but that comes after the sharp drop in March - despite a revision higher. Looking at the details, the production of consumer goods increased by 1.5% but that is offset by declines in production of capital goods (-0.3%), production of intermediate goods (-0.2%), as well as energy production (-1.5%).