German Industrial Output Rises Three Times Faster Than Estimates

“German industrial output rose more than three times as much as economists forecast in March, adding to signs Europe’s largest economy may have avoided recession.

Production jumped 2.8 percent from February, when it dropped 0.3 percent, the Economy Ministry in Berlin said today. February output was revised up from a 1.3 percent decline. Economists forecast a March gain of 0.8 percent, the median of 38 estimates in a Bloomberg News survey shows. In the year, production advanced 1.6 percent when adjusted for working days.”

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