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German Industrial Production Rises in Sign of Sustained Recovery
German industrial production rebounded in August, adding to signs that Europe’s largest economy is benefiting from the euro area’s recovery. Output, adjusted for seasonal swings, rose 1.4 percent from July, when it dropped a revised 1.1 percent, the Economy Ministry in Berlin said today. Economists forecast an increase of 1 percent, according to the median of 43 estimates in a Bloomberg News survey. Production advanced 0.3 percent from a year earlier when adjusted for working days. Germany’s economy is supported by an “extraordinarily good” consumer climate, helped by a robust labor market, the Bundesbank ... (full story)