April data is higher than market expectations which discounted a stability in industrial production – The German Central Bank today cut its GDP estimates for Germany for 2013 and 2014
In Germany, industrial production recorded, on a seasonally adjusted basis, an increase of 1,8% on a monthly basis and of 1% on an annual basis. This was announced by the German statistics office. The data is higher than market expectations, which discounted a stability in industrial production in April.
Today the German Central Bank cut Germany's GDP estimates for 2013 and 2014.
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