Tags: German | Industrial Production | Economic | Recovery

German Recovery Signs Mount as Industrial Output Rises

Wednesday, 08 May 2013 08:30 AM

German industrial production increased by 1.2 percent in March compared with the previous month — an unexpectedly robust performance that adds to this week's upbeat signals for Europe's biggest economy.

Economists had forecast that production would decline by 0.1 percent in March. Instead, the Economy Ministry reported another increase following a 0.6 percent rise in February — a figure revised upward Wednesday from the initial reading of 0.5 percent.

The German economy is in better shape than many others in the euro area and is believed to have returned to growth in the first quarter after shrinking in last year's final three months.

Data released Tuesday showed a healthy order pipeline — with industrial orders increasing 2.2 percent in March following an identical rise in February.

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German industrial production unexpectedly rose for a second month in March in a further sign that Europe's largest economy is returning to growth.
German,Industrial Production,Economic,Recovery
Wednesday, 08 May 2013 08:30 AM
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