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German industry output unexpectedly rises in March
German industrial output unexpectedly rose in March, figures from the Economy Ministry showed on Wednesday, contrasting with other recent data that has painted a much gloomier picture of Europe's largest economy. Output jumped by 1.2 percent on the month in March as factories churned out more capital, consumer and intermediate goods and energy production rose. The headline figure came in above the consensus forecast in a Reuters poll for a 0.1 percent dip and beat even the highest forecast for a 0.8 percent rise. The output data comes on the heels of figures showing industry orders rose again in March as strong ... (full story)
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