German production posts modest increase

Berlin  - German production posted a modest rise in June with the Ministry of Economics and Technology on Thursday also revising upwards its output data for May.

The ministry said production in Europe's biggest economy edged up by a price-and-seasonally adjusted 0.2 per cent in June after falling by 1.8 per cent in May. The ministry had previously reported that production fell by 2.4 per cent in May.

Analysts had predicted a 0.8 per cent rise in production in June.

However, the June rise brought to an end a series of monthly falls in output.

The latest production figures also came at a time of growing concern about the outlook for Germany's growth rate as the world economy loses momentum in the face of the fall-out from the global financial market crisis and high energy costs.

Data to be released next week is expected to show German economic growth contracting during the second-quarter after the nation's economy chalked up the fastest growth rate rate in 12 years during the first three months of the year. (dpa)

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