German Industrial Output Bounces Back In May

Manufacturing output increased 2.3%

Rising 1.9% from April and beating forecasts by analysts, German industrial output bounced back in May, according to official preliminary data issued July 9 and adjusted for seasonal variations.

Manufacturing output advanced 2.3% in May, while output in the construction industry edged up 0.3%. Output in the energy sector fell 0.9%

Production fell by 2.1% on a monthly basis in April, final data from the German Economy Ministry showed, a revision of a previous estimate of a 2.3% fall.

On a 12-month basis, May industrial output rose 1.2% in unadjusted terms and was 4.6% higher after being adjusted for the number of working days.

Copyright Agence France-Presse, 2007

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