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Investing.com -- German industrial production increased by 1.2% in May compared to April, exceeding analyst expectations of 0.0% growth, according to the federal statistics office on Monday.
The automotive industry and energy production were key contributors to this growth. In the three-month period from March to May, production was 1.4% higher compared to the previous three months.
The statistics office also revised April’s production figure downward to a 1.6% decline, worse than the provisional figure of 1.4%.
This positive production data comes after Friday’s report showed German industrial orders fell by 1.4% in May, ending a recent recovery period.
The decline in orders was primarily caused by reduced demand from within the euro zone.
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