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German Industrial Output Rises For First Time In 5 Months

By Renju Jaya   ✉  | Published:  | Google News Follow Us  | Join Us
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Germany's industrial production expanded for the first time in five months in April but the growth remained moderate as geopolitical tensions clouds outlook.

Industrial output increased 0.4 percent on a monthly basis, in line with expectations but in contrast to the revised 0.1 percent fall in March, data from Destatis revealed Tuesday. Moreover, this was the first growth since November.

ING economist Carsten Brzeski said the improvement is clearly too little to start discussing whether German industry is defying the economic fallout of the war in the Middle East.

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