Thursday, Germany's Federal Ministry of Economics and Technology said industrial production fell 2.9% month-on-month in February after falling revised 6.1% in January. Meanwhile, economists had expected a decline of 3%. Output fell for the sixth straight month. The ministry revised January's figure from a 7.5% fall initially reported.

On an annual basis, calendar adjusted industrial output plummeted 20.6% in February following a revised 17.9% decline in January, while the consensus forecast was for a 21.7% fall.

On an unadjusted basis, output dropped 23.2% year-on-year after a 21.4% drop in January.

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