FX.co ★ German Industrial Output Slips 0.3% in February, Ending Flat Start to 2026

German industrial production declined by 0.3% month-over-month in February 2026, marking a soft start to the year for Europe’s largest economy. The latest data, updated on 9 April 2026, show that output weakened after a flat reading of 0.0% in January 2026.

The figures, measured on a month-over-month basis, indicate that February’s performance compares unfavorably with January, when industrial production neither grew nor contracted compared with December. The shift from stagnation to mild decline suggests that German industry is facing renewed headwinds early in 2026, after failing to build momentum at the start of the year.

With the February drop following January’s standstill, markets and policymakers are likely to watch upcoming releases closely for signs of whether this pullback is temporary or the start of a more prolonged loss of industrial momentum in Germany.