The Germany financial fortress which has appeared to crumble recently with soft GDP, PMI, and business outlook numbers remains the strongest in Europe. New data show it has not run entirely low on steam yet.
According to Bloomberg:
Production rose 1.6 percent from April, when it dropped 2.1 percent, the Economy Ministry in Berlin said today. Economists forecast an increase of 0.2 percent, the median of 36 estimates in a Bloomberg News survey shows. Production was unchanged from a year earlier when adjusted for working days.
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