Rising Exports Helps Boost German Output in August
October 12, 2000 - 0:0
BERLIN Rising exports have helped to power ahead production in Germany with data released on Wednesday by the Finance Ministry showing output rising by 1.1 percent seasonally adjusted in August.
This was higher than what many economic analysts had been expecting, with signs of a considerable backlog of orders also expected to help boost output in the coming months.
When averaging the rise in output over August and July, production in Europe's biggest economy surged by 5.6 percent compared to the same period last year.
In releasing the data, the finance ministry pointed to the strong growth in exports as being a key reason behind the output rise in August.
While production in the car industry, a key export sector, jumped by 6.2 percent, output in consumer durable industries raced ahead by 12.5 percent in the two-month period compared to last year.
The production data, however, continue to highlight the troubled state of the nation's building sector with output diving by 8.9 per cent in August and July compared to the same period in 1999.
(DPA)
This was higher than what many economic analysts had been expecting, with signs of a considerable backlog of orders also expected to help boost output in the coming months.
When averaging the rise in output over August and July, production in Europe's biggest economy surged by 5.6 percent compared to the same period last year.
In releasing the data, the finance ministry pointed to the strong growth in exports as being a key reason behind the output rise in August.
While production in the car industry, a key export sector, jumped by 6.2 percent, output in consumer durable industries raced ahead by 12.5 percent in the two-month period compared to last year.
The production data, however, continue to highlight the troubled state of the nation's building sector with output diving by 8.9 per cent in August and July compared to the same period in 1999.
(DPA)