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German industrial output jumps in June
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German industrial production grew 2.4 percent in June compared with the previous month, according to official figures released yesterday, adding a further sign that Europe’s largest economy is picking up steam.
The Economy Ministry said the jump was partly due to seasonal factors that weighed on May’s figures, when production was down 0.8 percent, revised from an initial drop of 1 percent. But the June figures also showed that manufacturing businesses appear to have overcome a period of weakness and surveys indicate positive developments to come.
Analysts had predicted far more modest gains of about 0.3 percent for June.
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