Frankfurt (AFP) – Both exports and industrial production bounced back in Germany in September, data showed on Friday, helping to mitigate some of the gloom that has descended on Europe’s biggest economy recently.Following a sharper-than-expected slowdown in activity in August resulting from the late timing of the summer holidays, industrial data for September showed a tangible improvement. According to the economy ministry, industrial output rose by 1.4 percent in September, after contracting by 3.1 percent in August. The day before, factory orders had also stabilised from the previous sharp drop.And the federal statistics office Destatis calculated that German exports were …read more
Source: Business Insider
