“German industrial output rebounded in February, adding to signs that Europe’s largest economy is stabilizing after a contraction in the fourth quarter.
Production (GRIPIMOM) rose 0.5 percent from January, when it contracted 0.6 percent, theEconomy Ministry in Berlin said today. Economists forecast a 0.3 percent gain, according to the median of 41 estimates in a Bloomberg News survey. From a year earlier, production dropped 1.8 percent when adjusted for working days.
Germany’s economy probably returned to growth in the first quarter after it shrank 0.6 percent in the final three months of 2012. Still, business sentiment in Germany dropped in March amid renewed concerns about the sovereign debt crisis and its impact on the 17-nation euro economy, which is struggling to emerge from recession….”
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