German industrial sector shows some positive signs of economic growth as the industries produced three times more than the forecast made by the economists in the region in the month of February. In February, the output showed 1.6% increase from January but the figures have now risen to 2%, said the Economy Ministry in Berlin today.

According to the median of 33 estimates in a Bloomberg News survey, economists forecasted a 0.5% gain for February but the production fortunately rose to 14.8%. Recovery in Germany’s industrial sector has led the leading companies to investment more enabling them to meet export demand thereby also encouraging consumers to spend more.

“The German industrial sector is moving at full speed and first-quarter growth should be incredibly strong”, said Aline Schuiling, Senior Economist at ABN Amro Bank NV in Amsterdam. Further he added in his statement that “Activity will slow down later in the year, partly due to fiscal consolidation and somewhat weaker world trade on the back of monetary tightening in emerging economies.”

In context to the above situation, today’s report has also shown that initially in January, the industrial output reported 1.8% gain, which was increased to 3.4% in February (especially in construction activity) and a 1.6% gain in investment goods production.