Germany's April factory production rises in good sign for Q2

Markets Associated Press

Industrial production in Germany, Europe's largest economy, rose 0.8 percent in April over the previous month in a positive sign for continued growth in the second quarter.

Continue Reading Below

The Federal Statistical Office said Thursday the April rise followed the 0.1 percent drop in March, according to figures adjusted for seasonal and calendar variations.

April's increase was driven in particular by the production of energy and intermediate goods.

ING economist Carsten Brzeski said Germany's strong labor market and higher wages are helping to drive increasing domestic demand, while the relative weakness of the euro is bolstering the country's exports.

He says "the current German recovery remains unbreakable."