German July industrial output rises 0.7% m/m versus 0.9% expectations

FXStreet (Mumbai) - Industrial production in Germany returned to growth although came in below market consensus in July, official data from German Federal Statistical Office (Destatis) showed on Monday.

Industrial output in Germany posted 0.7% growth in July, seasonally adjusted, after reporting a revised 0.9% negative growth previously, according to Destatis. Markets had expected 0.9% growth.

In annual terms, production added 0.5% in July, compared to a revised 0.9% gain seen in the previous month, while markets had projected 0.1% growth.