Germany’s industrial production rose 0.7 per cent month-on-month in July, a slower rate than expected, according to data from Deutsche Bundesbank.
Economists had expected a rise of 1.1 per cent, according to economists surveyed by Bloomberg.
However, in an optimistic signal, industrial production was positive after having decreased 0.9 per cent in June. June’s figures were also revised up from an initial recording of a 1.4 per cent decline.
Read more: Euro industrial production in slow recovery
In July construction gained 3.2 per cent on June, while energy output rose 1.9 per cent and manufacturing climbed 0.3 per cent. Industrial production also rose 0.5 per cent from last year.
Last week German retail sales beat expectations, jumping 1.4 per cent from June to July.