The FINANCIAL — German industrial production surpassed forecasts in April and the trade surplus hit its highest on record, indicating that Europe’s largest economy continues to expand at a robust pace.
Industrial production, adjusted for inflation and seasonal swings, increased 0.9% in April from the previous month, data from the federal statistics office Destatis showed Monday, beating median expectations of a 0.5% gain in a survey of economists by The Wall Street Journal.
Germany’s adjusted trade surplus meanwhile swelled to 22.3 billion euros ($24.74 billion) in April, propelled by strong exports. That was the highest level since records began in 1991, a spokesman at Destatis said. Exports jumped 1.9% from March, while imports fell 1.3%.
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