http://www.bbc.com/news/business-29058722
The strongest monthly rise in German industrial output in over a year is an 'encouraging signal' for the economy, Germany's statistics agency has said. German industrial output rose 4.6% in July despite concerns over the Ukraine crisis, Destatis said. The economy ministry figure was much higher than many economists had forecast, and comes after a 2.7% fall in output in June.
The strongest monthly rise in German industrial output in over a year is an 'encouraging signal' for the economy, Germany's statistics agency has said. German industrial output rose 4.6% in July despite concerns over the Ukraine crisis, Destatis said. The economy ministry figure was much higher than many economists had forecast, and comes after a 2.7% fall in output in June.
Foreign orders made up the bulk of the rise in demand, the ministry added. Domestic orders increased 1.7% and foreign orders rose by 6.9% in the month. The rise in industrial orders contrasts with figures out this week from the economy ministry showing that the economy shrank in the second quarter by 0.2%. Following those weak figures, the government warned that the German economy had been "losing momentum".
Rotterdam, 04/09/2014-INC News
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