BERLIN - German industrial production rose in August in another sign that the country's economic recovery is gathering pace.
The economy ministry said Wednesday that production of big-ticket items rose 1.9 per cent in August over July when adjusted for price, calendar and seasonal factors. It also revised its July number upward, saying that production dropped only 1.1 per cent over June, less than the 1.7 per cent drop previously estimated.
Overall, the ministry says production rose 0.7 per cent in the two-month July-August period over the May-June period.
The ministry says the numbers show "the upward trend of production is continuing."
On Tuesday, the economy ministry had reported that factory orders dropped 0.3 per cent in August, but noted they remained higher — in terms of volumes — than in the second quarter.
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