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German industrial production rises in July

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German industrial production increased in July, but fell short of analysts' expectations, the economy ministry said on Monday.

[FRANKFURT] German industrial production increased in July, but fell short of analysts' expectations, the economy ministry said on Monday.

The ministry calculated that factory output rose by 0.7 per cent in July compared with a month earlier, corrected for seasonal factors.

Analysts polled by financial services firm FactSet had pencilled in a bigger increase of 1.1 per cent following a contraction of 0.9 per cent in June.

Manufacturing output increased by 0.3 per cent month-on-month, but energy output rose by 1.9 per cent and construction output was up by 3.2 per cent.

Data published on Friday showed that German industrial orders, a key measure of demand for goods in Europe's top economy, fell by 1.4 per cent in July, weighed down by declining demand outside the euro area.

AFP

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