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Updated · Bloomberg · Jul 7Germany Industrial Output Rises 0.9% in May, Beating 0.1% Forecast
3 articles · Updated · Bloomberg · Jul 7Summary
- Germany’s industrial production rose 0.9% in May from April, marking a second straight monthly increase and topping economists’ 0.1% median estimate.
- Auto manufacturing gains drove the stronger-than-expected increase, according to the statistics office.
- The back-to-back rise adds to signs Europe’s largest economy is emerging from the drag linked to the Iran war.
Insights
Is Germany’s industrial surge a true recovery or a blip in a deepening economic crisis? How will the Iran war's supply shock permanently alter Germany's export-driven economic model?