Industrial output another boon for German growth

GERMANY’S economy is growing at almost twice the Eurozone average in 2011, economists forecast yesterday, after another week of positive data.

Industrial output was up 1.4 per cent in February compared to January, official data from the German ministry of economy showed yesterday.

“The good news for Germany continues,” said Markit’s Chris Williamson. “The country looks to be on course for its economy to have grown by 1.5 per cent in the first quarter, almost double the 0.8 per cent growth rate we expect to see for the Eurozone as a whole.”

In neighbouring France, the trade deficit for February increased for the fourth consecutive month, reaching a record high of €6.55bn (£5.73bn), figures showed yesterday.