European Industrial Production Rebounds Led by Germany

European industrial production rebounded in July led by surging German output after the biggest drop in more than a year in the previous month.

Production in the 17-nation euro area advanced 1 percent from June, when it fell 0.8 percent, the European Union’s statistics office in Luxembourg said today. That’s the biggest gain since November 2010. Economists forecast a gain of 1.5 percent, the median of 28 estimates in a Bloomberg News survey showed. In the year, output advanced 4.2 percent.