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German Industrial Output Rises More Than Expected In May
(RTTNews) - German industrial production rose more than expected in May, data released by the Federal Ministry of Economics and Technology showed Wednesday.
Factory output rose 3.7% month-on-month in May after falling a revised 2.6% in April. The increase exceeded the forecast for a 0.5% rise.
On an annual basis, industrial production fell 17.9%, slower than a 20% decline predicted by economists and follows a revised decrease of 22.3% in April, the ministry said.
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Posted in Categories: Economy, Eurozone, Releases.
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