finance
Germany Industrial Output Rises 0.9% in May
Seasonally adjusted industrial production increased more than expected. Year-over-year figures showed a 0.6% decline on a working-day adjusted basis.
Jul 7, 2:03 AM·1m read2 sources
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Germany's seasonally adjusted industrial production rose 0.9% in May from the prior month, according to data reported by @LiveSquawk. Economists had forecast a 0.1% gain, while the previous month's figure was revised to a 0.4% increase. The working-day adjusted year-over-year measure fell 0.6%, matching the consensus estimate and following a 0.5% decline in April.
The monthly reading covers output across manufacturing, mining, and energy sectors. No further details on component breakdowns were provided in the initial report.
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CorroborationModerate · 2 sources
