Destatis released its industrial production data for Germany on Tuesday. German industrial production fell 1.3% in March, missing expectations for a 0.3% drop, after a 0.7% decline in February. It was the biggest drop since August 2014.

February's figure was revised down from a 0.5% decrease.

The output of capital goods decreased 1.4% in March, energy output rose 0.3%, and the production in the construction sector was down 3.2%, while the production of intermediate goods fell 1.3%.

The output of consumer goods declined 0.2% in March.

German industrial production excluding energy and construction fell by 1.2% in March.