Sponsored by: Investment Center

Something new in your business?  Click here to submit your business press release

Chamber Corner | Main Street News | Job Hunt | Classifieds | Calendar | Illinois Lottery 

German industrial production rises in August

Send a link to a friend 

[October 10, 2013]  BERLIN (AP) -- German industrial production rose in August in another sign that the country's economic recovery is gathering pace.

The economy ministry said Wednesday that production of big-ticket items rose 1.9 percent in August over July when adjusted for price, calendar and seasonal factors. It also revised its July number upward, saying that production dropped only 1.1 percent over June, less than the 1.7 percent drop previously estimated.

Overall, the ministry says production rose 0.7 percent in the two-month July-August period over the May-June period.

The ministry says the numbers show "the upward trend of production is continuing."

On Tuesday, the economy ministry had reported that factory orders dropped 0.3 percent in August, but noted they remained higher -- in terms of volumes -- than in the second quarter.

[Associated Press]

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

< Recent articles

Back to top