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Germany Industrial Production Unexpectedly Rises

By Renju Jaya   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Germany industrial output grew unexpectedly in June underpinned by higher production of capital and consumer goods, data released by Destatis revealed on Friday.

Industrial production grew 0.4 percent from May, revering a drop of 0.1 percent. Output was forecast to fall 0.3 percent.

Excluding energy and construction, industrial output was up 0.7 percent. Energy production remained flat, while construction output dropped 0.8 percent in June.

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