German industrial production rebounded in August, adding to signs that Europe’s largest economy is benefiting from the euro area’s recovery.
A Greek exit from the euro would further depress drug prices throughout Europe, creating an additional dilemma for manufacturers already wrestling with how to keep supplies flowing as Greek health-care funds dry up.
German industrial production surged the most in more than a year in April as construction activity surged after an unusually long winter damped output.
German business confidence probably rose for a third month in July, indicating that Europe’s largest economy is recovering as the 17-nation euro region tries to shake off its longest-ever recession.
German factory orders surged almost four times as much as economists forecast in October, driven by foreign demand.
German retail sales unexpectedly declined for a second month in December.
Industrial production in Germany, Europe’s largest economy, rose almost three times as much as economists forecast in October, led by demand for investment goods such as machinery.
"Inflation will remain at this level because of low energy and food prices."
- Mario Gruppe on Aug 28, 2014