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German Recovery Signs Mount as Industrial Output Rises: Economy




German industrial production unexpectedly rose for a second month in March in a further sign that Europe ’s largest economy is returning to growth. Production (GRIPIMOM) increased 1.2 percent from February, when it gained 0.6 percent, the Economy Ministry in Berlin said today. Economists forecast a 0.1 percent decline, according to the median of 40 estimates in a Bloomberg News survey . From a year earlier, production fell 2.5 percent when adjusted for working days. While the coldest March in 25 years delayed Germany’s recovery from a slump in the final quarter of 2012, today’s report is the latest to suggest the economy is rebounding. Factory orders unexpectedly jumped for a second month in March, the Economy Ministry said yesterday, and unemployment remains near a two-decade low. “



German industry has entered the current quarter with a lot of momentum,” said Heinrich Bayer, an economist at Deutsche Postbank AG in Bonn. “We expect a strong pickup in growth this quarter after a 0.2 percent increase in gross domestic product in the first quarter.” Stocks Rally The euro continued its advance after the report to trade at $1.3136 at 12:41 p.m. in Frankfurt , a gain of 0.4 percent today. European stocks climbed, with the Stoxx Europe 600 Index (SXXP) extending its highest level since June 2008, as companies from ING Groep NV to Deutsche Telekom AG posted quarterly earnings that beat estimates. The index gained 0.4 percent to 303.03. German manufacturing output rose 1.4 percent in March, with production of investment goods up 2.1 percent, today’s report showed. Energy production surged 4 percent while construction activity fell 3.1 percent, reflecting the cold weather. Production increased 0.2 percent in the first quarter from the fourth, the ministry said, adding that improving order books and an expected rebound in construction “should lend […]



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  • EUR/USD Gold CorrelationGerman Recovery Signs Mount as Industrial Output Rises: Economy
  • German Recovery Signs Mount as Industrial Output Rises: Economy
  • German Recovery Signs Mount as Industrial Output Rises: Economy
  • German Recovery Signs Mount as Industrial Output Rises: Economy
  • German Recovery Signs Mount as Industrial Output Rises: Economy
  • German Recovery Signs Mount as Industrial Output Rises: Economy
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