Big possibility Germany may avoid recession
German industrial output rose unexpectedly in August, data showed, suggesting Europe’s largest economy may yet skirt recession.
Industrial output rose by 0.3% on the month, Statistics Office figures showed, against expectations of a drop of 0.1%.
The rise was driven by production of intermediate and capital goods, the Economy Ministry said.
Germany’s export-dependent manufacturing sector is already in recession. That has dragged on the economy, which shrank in the second quarter.
Via Reuters
