The strongest monthly rise in German industrial output in over a year is an ‘encouraging signal’ for the economy, Germany’s statistics agency has said.
German industrial output rose 4.6% in July despite concerns over the Ukraine crisis, Destatis said.
The economy ministry figure was much higher than many economists had forecast, and comes after a 2.7% fall in output in June.
Foreign orders made up the bulk of the rise in demand, the ministry added
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