German industrial production expanded 1.3 percent in July from a month ago, the Federal Ministry of Economy and Technology said Friday. The increase follows June's 0.4 percent fall.
Economists had forecast output to remain flat on a monthly basis.
Year-on-year, working-day adjusted industrial output slipped 1.4 percent, reversing June's 0.3 percent rise. Nonetheless, the decline was slower than the 3 percent drop forecast by economists.
On an unadjusted basis, output growth slowed to 2 percent annually from 3.7 percent a month ago.
by RTT Staff Writer
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