German Industrial Production rebounds 0.7% MoM in April vs. 1.0% expected

Industrial Production in Germany rebounded less than expected in April, the official data showed on Wednesday, suggesting that the manufacturing sector activity is recovering at a slower pace.

Eurozone’s economic powerhouse’s industrial output jumped by 0.7% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, vs. a 1.0% expected and -.3.7% last.

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