Germany's industrial production rose for a second straight month and at the fastest pace in three months in March, defying expectations of a decline, and raised hopes of a strong economic performance in the first quarter.
Industrial production grew 0.5 percent monthly following a 0.4 percent increase in February, which was revised from 0.7 percent, preliminary data from the Federal Statistical Office showed on Wednesday. Economists had forecast a 0.5 percent slump.
The surprise growth in production came after news that factory orders rebounded in March, albeit at a slower-than-expected pace.
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