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German Industry Output Rises

German Industry Output RisesGerman Industry Output Rises

German industrial production rose more than expected in August, posting its biggest increase since January and signaling that the sector will contribute to growth in the third quarter, CNBC reported. Industrial output rose by 2.5% on the month, data from the Economy Ministry showed on Friday, ahead of the consensus forecast in a Reuters poll for an increase of 0.8%. It posted its biggest monthly increase since January, when output rose by 2.8%. This is likely to further ease growth concerns after weak data in July, when industrial production fell by 1.5%.

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