Print Edition - 2017-10-10  |  Money Digest

German economy powers ahead

- AFP, FRANKFURT

Oct 10, 2017-

German industrial output, a key indicator of economic health, grew faster than expected in August, data showed on Monday, putting Europe’s biggest economy on course for a strong performance this year. Output grew by 2.6 percent month-on-month in August, federal statistics authority Destatis said. Analysts had forecast output growth of just over 0.8 percent in August after a marginal contraction of 0.1 percent the previous month. Production increased in all industrial sectors, except construction, the statisticians calculated. Industrial production “has shown a powerful upward trend since the start of the year,” the economy ministry in Berlin said in a statement. “A favourable business environment and positive trends in industrial orders suggest the good situation will continue.” 

Published: 10-10-2017 08:56

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