08 September 2010 16:40 [Source: ICIS news]
Economists polled by a German news agency had expected 0.8% sequential growth in July.
On a two-month sequential comparison – June/July versus April/May – production rose 0.9%, largely due to stronger industrial output, whereas output in building and construction fell, the ministry said.
Compared with June/July 2009, production rose 10.8%.
The ministry said that overall ouput growth was normalising after an “extraordinarily strong recovery” in the spring.
Industrial production was expected to continue to grow, albeit at a lower pace, it added, pointing to underlying order trends and economic sentiment indicators.
The recent double-digit year-over-year growth in sales and production came against weak 2009 comparison periods, and continued growth at such rates could not be taken for granted, said Wiesbaden-based chemical employers trade group BAVC.
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