German Industrial Production Rebounds in Sign of Solid Recovery
- Economy ministry reports 0.7 percent increase in July output
- Production falls short of median estimate in Bloomberg survey
German manufacturers are benefiting from rising domestic demand and continued expansion in the euro area even as China’s slowdown drags on global growth.
Photographer: Dadang Tri/BloombergThis article is for subscribers only.
German industrial production increased in July, signaling that Europe’s largest economy is weathering the headwinds of slowing global growth.
Output, adjusted for seasonal swings and inflation, rose 0.7 percent after dropping a revised 0.9 percent in June, data from the Economy Ministry in Berlin showed on Monday. The typically volatile number compares with a median estimate of a 1.1 percent gain in a Bloomberg survey. Industrial production advanced 0.5 percent from a year earlier.