German factory output up more than expected
German industrial production rose more than expected in February thanks to a strong bounce in the car industry as the sector begins to shake off supply issues, official data showed Thursday.
Output rose two percent on the previous month after rebounding 3.7 per cent in January, seasonally adjusted figures from the federal statistics agency Destatis showed.
Factset analysts had expected industrial production to stagnate in February.
The outlook for companies brightened in the first quarter "with the order situation remaining good and supply bottlenecks gradually disappearing", the German economy ministry said in a statement.
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