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German Factory Output Rises

German Factory Output RisesGerman Factory Output Rises

German industrial production rose by more than expected in April, data showed on Thursday, reviving hopes the sector can extend an upturn in Europe’s biggest economy after orders data disappointed, Reuters reported. Industrial output rose by 0.8% on the month after dropping by an upwardly revised 0.1% the previous month, data from the economy ministry showed. That beat the consensus forecast in a Reuters poll for a gain of 0.5%. The upturn was driven by a surge in energy production and factories churning out more intermediate goods. But construction activity edged down and fewer consumer goods rolled off production lines.

 

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