Global Macro Service > Data Insights > Eurozone

Germany industrial production surprises to the upside

German industrial woes show cautious signs of letting up after industrial production rose by 0.3% m/m in August. This bolsters our view that German GDP stagnated in Q3 allowing the economy to narrowly avoid a technical recession. Similarly, the 0.9% m/m rise in Spanish industrial production in August was a pleasant surprise and should underpin robust growth in Q3.

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