German Industrial Output Rises 0.4% in April as Construction Offsets Iran War Energy Shock
Updated
Updated · Bloomberg · Jun 9
German Industrial Output Rises 0.4% in April as Construction Offsets Iran War Energy Shock
3 articles · Updated · Bloomberg · Jun 9
Summary
Germany’s industrial production increased 0.4% in April from March, the first monthly gain since the Iran war began and a sign factories may be absorbing higher energy costs.
Construction drove the increase, according to the statistics office, and the result matched the median estimate in a Bloomberg survey.
Separate April trade data released earlier showed exports rose 0.9%, adding to evidence that Europe’s largest economy retained some momentum despite a weak broader outlook.
Economists have still cautioned that one month’s rebound may be too small to change Germany’s fragile growth picture as energy costs remain elevated.