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.
