German output up
FRANKFURT: German industrial production increased in July, but fell short of analysts’ expectations, the economy ministry said on
Monday.
The ministry calculated that factory output rose by 0.7 per cent in July compared with a month earlier, corrected for seasonal factors. Analysts had pencilled in a bigger increase of 1.1 per cent following a contraction of 0.9 per cent in June.
Manufacturing output increased by 0.3 per cent month-on-month, but energy output rose by 1.9 per cent and construction output was up by 3.2 per cent.