German Industrial Production Rises in Next Turnaround Signal
- February measure rises 2.1%; economist est. 0.5% increase
- Economy expected to slowly recover from recent weakness
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German industrial production increased for a second month, underpinning hopes that Europe’s biggest economy may soon emerge from a shallow recession it probably witnessed in the last six months.
The gauge increased 2.1% in February, led by construction, the statistics office said Monday. That was better than predicted by any economist in a Bloomberg poll.