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Manufacturers also raised average selling prices for the first time since August 2014, news that will reassure policymakers at the ECB after launching a large-scale quantitative easing programme to head off deflation.
Japan's attempts to head off deflation have caused an increase in its quantitative easing programme, accompanied by a sharp fall in the yen, that has revived talk of currency wars.
American manufacturers, and not just those in the car industry, maintain that the Japanese do this solely to boost their exporters, but they are overstating their case: the main purpose of the policy has been to head off deflation and revive the domestic economy.Allowing for all these powerful outside influences on the industry, most car firms will try to muddle through.
But pessimists say that although the United States has acted quickly to head off deflation there are signs it may have already exhausted many of the conventional tools, from aggressive interest rate reductions to tax cuts, and so far without great effect.
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A lower currency helps the region's exporters and is one way of heading off deflation.
The Fed will, first, likely succeed in heading off deflation and, second, will almost certainly overshoot the mark.
The way to avoid this vicious circle, Fisher said, was monetary expansion that heads off deflation.
Three rounds of asset purchases since the onset of the financial crisis have successfully headed off deflation in the American economy but failed to generate the kind of growth necessary to return employment to prerecession levels.
The sudden shift in policy may help spur consumption and head off the consumer-price deflation that has dogged the Japanese economy for over a year.
A pick-up in eurozone growth, from 0.3% in the final quarter of 2014, would be welcomed by the European Central Bank (ECB), which has been pumping money into financial markets in a bid to shore up the region's fragile economy and head off the threat of deflation.
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