- 0 Comments /
- August 8, 2016 /
- by beth /
- Leave a comment
Manufacturing output gains while construction output declines
By TODD BUELL
Aug. 8, 2016 3:58 a.m. ET
FRANKFURT—German industrial output was slightly stronger than expected in June, data from the country’s economy ministry showed Monday.
Output rose by 0.8% in monthly adjusted terms. This beat expectations of 0.7% growth in a survey by The Wall Street Journal. Manufacturing output was up by 1.5%, while construction output declined by 0.5%.
“The increase, however, comes too late to make a disappointing quarter for the German industry a good one,” said ING economist Carsten Brzeski.