AFP, Frankfurt :
German industrial production returned to growth in June after a surprise May contraction, preliminary official data showed on Monday.
Industrial output grew by 0.8 percent in June compared with the previous month, figures adjusted for price, calendar and seasonal effects from the federal statistics office Destatis showed.
It was a slightly weaker performance than expected, as analysts surveyed by Factset had predicted 0.9 percent growth.
Growth in June meant a turnaround from May’s unexpected 0.9 percent shrinkage, which Destatis on Monday revised down from the preliminary figure of 1.3 percent.
German industrial production returned to growth in June after a surprise May contraction, preliminary official data showed on Monday.
Industrial output grew by 0.8 percent in June compared with the previous month, figures adjusted for price, calendar and seasonal effects from the federal statistics office Destatis showed.
It was a slightly weaker performance than expected, as analysts surveyed by Factset had predicted 0.9 percent growth.
Growth in June meant a turnaround from May’s unexpected 0.9 percent shrinkage, which Destatis on Monday revised down from the preliminary figure of 1.3 percent.
