Germany's industrial production posts biggest gain in 6 years
by ChemOrbis Editorial Team - content@chemorbis.com
According to data released by Germany’s Economy Ministry, the growth in the country’s factory output surged in August, registering the fastest rate since July 2011.
The data revealed that Germany’s industrial output increased by 2.6% on the month in August, after slipping by 0.1% in July. This easily beat the expectations of 0.7% increase for August.
The increase was attributed to the upward trend in the manufacturing output, which increased by 3.2%, the largest increase since March 2010.
The data revealed that Germany’s industrial output increased by 2.6% on the month in August, after slipping by 0.1% in July. This easily beat the expectations of 0.7% increase for August.
The increase was attributed to the upward trend in the manufacturing output, which increased by 3.2%, the largest increase since March 2010.
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