German industrial production rises as factories shrug off Brexit woes

Europe's largest economy gained momentum in June, new figures show

8th August, 2016
German industrial production increased in June

German industrial production increased in June, signalling that Europe’s largest economy gained momentum ahead of the UK’s Brexit vote.

Production, adjusted for seasonal swings, rose 0.8 per cent from the previous month, when it dropped a revised 0.9 per cent, data from the Economy Ministry in Berlin showed. The reading, which is typically volatile, compares with a median estimate for a 0.7 per cent gain in a Bloomberg survey of economists....

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