Germany industrial output grew unexpectedly in June underpinned by higher production of capital and consumer goods, data released by Destatis revealed on Friday. <\/p>\n
Industrial production grew 0.4 percent from May, revering a drop of 0.1 percent. Output was forecast to fall 0.3 percent. <\/p>\n
Excluding energy and construction, industrial output was up 0.7 percent. Energy production remained flat, while construction output dropped 0.8 percent in June. <\/p>\n
Within industry, capital goods output grew 1.0 percent and consumer goods production climbed 1.1 percent. Production of intermediate goods gained only 0.3 percent. <\/p>\n
On a yearly basis, the decline in industrial output slowed to 0.5 percent from 1.7 percent.<\/p>\n