German
industry has posted its strongest month in almost two and a half years.
The
Economy Ministry said industrial production was up 1.9% in July, lifted by an
increase in manufacturing and construction output.
It
is a big improvement from June when industrial production rose just 0.4%.
It
is another piece of strong data from Germany. On Thursday data showed that
industrial orders rose at the strongest rate in the more than a year in July.
However
last month the ministry released
figures to show the economy shrank by 0.2% in
the second quarter.
In
an effort to avoid further stagnation in Europe, on Thursday the European
Central Bank announced a surprise cut in interest rates.
It
also launched a programme to buy private sector debt to stimulate lending.
BBC Business
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