Ger­man in­dus­try ends sum­mer lull

Financial Mail - - MARKET WATCH -

Ger­man in­dus­try re­bounded from a sum­mer lull with its best month in six years, keep­ing Europe’s largest econ­omy on a solid foot­ing in the sec­ond half of the year. Out­put, ad­justed for sea­sonal swings and in­fla­tion, in­creased 2.6% from July, when it fell a re­vised 0.1%, the eco­nomic min­istry in Ber­lin said on Mon­day. That’s the big­gest in­crease since July 2011 for the typ­i­cally volatile gauge, and it com­pares with fore­casts for a 0.9% gain. Pro­duc­tion was up 4.7% from a year ear­lier.

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