Browse Tag

car industry

German industry predicts rise in output

3 mins read

The FINANCIAL — German manufacturers ramped up production for the third straight month, though the pace of growth slowed in July. Industrial output rose 1.2 percent, less than forecast by economists. The increase was led by carmakers while machinery retreated. Investment-goods production still increased by 2.1 percent. German industry sees growth in output and orders weakening The Economy Ministry said that Germany’s industry is back at nearly 90 percent of pre-crisis levels, and also predicts that improved sentiment and declining short-time work will continue to drive the recovery, but it will take some time. Another report on Friday showed that factory…

Read More »

German industry predicts rise in output

3 mins read

The FINANCIAL — German manufacturers ramped up production for the third straight month, though the pace of growth slowed in July. Industrial output rose 1.2 percent, less than forecast by economists. The increase was led by carmakers while machinery retreated. Investment-goods production still increased by 2.1 percent. German industry sees growth in output and orders weakening…