Germany June productive output rises 2.4% from May
07 August 2013 14:00 [Source: ICIS news]
LONDON (ICIS)--Production from industry, construction, energy and mining in ?xml:namespace>Germany rose 2.4% in June from May, but chemicals and pharmaceuticals output fell, according to data released on Wednesday.By: Stefan Baumgarten+1 713 525 2653
Germany’s economics ministry said that June’s increase in productive output was driven by 1.6% growth in building and construction and 2.2% growth in industrial production.
In May, productive output was down 0.8% from April.
On a two-month sequential comparison – May-June versus March-April – productive output was up 1.3%, with industrial output up 1.3% as well.
Compared with May-June 2012, productive output was up 0.5% year on year, with industrial output up 1.1% year on year.
In related news, Germany’s central Bank, the Bundesbank, said that its index for output in Germany’s chemicals and pharmaceuticals sector fell to 100.4 in June, from 101.5 in May. The index’s base year is 2010.
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