Industry output in Germany hits six-year high with 2.6% rise in a month

By Johan De Mulder

Germany's industry enjoyed its best month in six years in August, according to new figures.

Increased global demand saw output rise by 2.6% from July, its biggest level since July 2011, after forecasters had predicted a 0.9% gain.  

Stocks in DAX .GDAXI touched an all-time high after the data was released by Berlin's Economy Ministry on Monday, with stocks rising generally across Europe.

See also:


"The data is finally catching up with some of the very positive readings we have seen in recent business surveys," said Jennifer McKeown, chief European economist at Capital Economics in London.

"Germany’s economy is on track for a strong third quarter and given the supportive global environment and monetary policy, I don’t see much reason for any significant slowdown in growth in the second half of the year."

Production was up by 4.7% compared to the same period in 2016 - and experts predict the second half of 2017 will see continued growth for the continent's most successful economy.

Share

Featured Articles

Middle East GDP hike of 57% if more women join workforce

By tapping into the potential of next-generation female workers, the MENA region could unlock new economic opportunities, up to US$2 trillion, reports PwC

Dialight supplies LED solutions for industrial safety

Reliance on inefficient lighting technologies are not only harmful to the environment, but also increase injury risk and cost

Top 10: Tech, AI, cloud, cyber speakers at TECH LIVE LONDON

TECH LIVE LONDON events sees technology leaders from IBM, Oracle, Vodafone, JP Morgan, Accenture and the US Space Force among the inspirational speakers

Cyber LIVE adds Vodafone head of cyber Kawalec to line-up

Leadership & Strategy

Musk’s multibillion hostile Twitter takeover – the timeline

Leadership & Strategy

Sustainable moves businesses can make to win customers, IBM

Sustainability