World Economy
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Factory Output Rises German industrial

Factory Output Rises German industrialFactory Output Rises German industrial

production rose for a second month in October in a sign that a slow recovery in Europe’s largest economy is continuing. Production, adjusted for seasonal swings, gained 0.2 percent from September, when it climbed a revised 1.1 percent, the Economy Ministry in Berlin said Monday. The increase was less than the median estimate of 0.4 percent in a Bloomberg News survey. Output advanced 0.8 percent from a year earlier. While the Bundesbank last week cut its economic forecasts for the country through 2016, President Jens Weidmann said there’s reason to “hope that the current sluggish phase will prove to be short-lived.”

Financialtribune.com