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Amended: German Industrial Output Recovers 1.3%

By Midhin P.K.  ✉  | Published:  | Google News Follow Us  | Join Us

corrected third para

Germany's industrial output expanded for the first time in four months in July, figures from Destatis showed on Monday.

Industrial production rose 1.3 percent month-on-month in July, reversing June's revised decrease of 0.1 percent.

The recovery in July was mainly driven by a 9.5 percent growth in the manufacture of machinery and equipment. An 8.4 percent expansion in the pharmaceutical industry also had a positive impact, while energy production contributed negatively as it fell 4.5 percent.

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