German Industry's Outlook Looks Positive

Dow Jones08-07 19:01

1101 GMT - German industry has proved resilient amid high energy prices, and the rebound in business surveys in July suggests the immediate outlook is relatively good, Capital Economics' chief Europe economist Andrew Kenningham says in a note. The 0.2% rise in German industrial production in June was the third consecutive monthly increase, allowing output to rise 0.7% in the second quarter. Production in energy-intensive sectors declined in June but over the second quarter it rose quite sharply, despite rising global energy prices, Kenningham says. Surveys such as the manufacturing output PMI and Ifo index suggest positive momentum in manufacturing may continue, although record-low water levels in the Rhine could dampen output in the coming weeks, he says.

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Surveys such as the manufacturing output PMI and Ifo index suggest positive momentum in manufacturing may continue, although record-low water levels in the Rhine could dampen output in the coming weeks, he says.</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VAW","symbol_name":"Vanguard Materials ETF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2657610940","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2657610940","pubTimestamp":1786100460,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1101 GMT - German industry has proved resilient amid high energy prices, and the rebound in business surveys in July suggests the immediate outlook is relatively good, Capital Economics' chief Europe economist Andrew Kenningham says in a note. 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