Reported 2 months ago
German industrial production experienced a surprising 1.4% increase in June, driving recovery for Europe’s largest economy after a contraction last quarter. The rise, exceeding analysts' forecasts, was primarily fueled by the automotive and electrical equipment sectors. Despite the positive output, exports saw a significant decline, and the Bundesbank cautioned that the recovery in industrial activity may be gradual despite hopes for improved economic conditions in the upcoming quarter.
Source: YAHOO