German Industrial Output Rises 0.9% in May, Commerzbank Says
Commerzbank economist Dr. Ralph Solveen notes that German industrial production climbed 0.9% month-on-month in May, bringing the April–May average slightly above the first-quarter level.
Commerzbank’s Dr. Ralph Solveen has highlighted that German industrial output increased by 0.9% in May compared to April. The combined output for April and May now stands marginally above the average recorded in the first quarter.
The data points to a nascent recovery in the factory sector, though the economist’s remarks suggest the improvement remains modest. No further details on specific industries or forward-looking guidance were provided in the note.
Source: FXStreet Forex News