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German Industrial Output Rebounds in Sign of Economic Recovery

From bloomberg.com

German industrial production rose in June, adding to signs that growth in Europe’s largest economy accelerated in the second quarter. Output increased 2.4 percent from May, when it dropped a revised 0.8 percent, the Economy Ministry in Berlin said today. Economists forecast a gain of 0.3 percent, according to the median of 41 estimates in a Bloomberg News survey. Production climbed 2 percent from a year earlier when adjusted for working days. Germany, which faces parliamentary elections next month, is benefiting from a nascent recovery in the 17-nation euro region, its biggest trading partner. The nation’s factory ... (full story)

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