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German Industry Gets Some Relief as Production Rises in May

  • Production increases 0.3% vs estimate for a 0.4% increase
  • ECB policy makers are discussing whether to add more stimulus
Bayerische Motoren Werke AG Electric Automobile Assembly Line
Photographer: Krisztian Bocsi/Bloomberg

German industrial production saw a slight pick-up in May -- a rare sign of resilience as manufacturers in Europe’s largest economy struggle with global trade tensions and subdued demand.

Output gained 0.3% on the month, just short of economists’ estimates for a 0.4% gain. While the increase is welcome, it claws back only a fraction of the 2% drop recorded in April. Data on Friday showed a plunge in factory orders in May, suggesting the industry-led slowdown may continue.