Germany: Industrial production to post an increase of 0.5% for June – Danske Bank

Analysts at Danske Bank points out that German industrial production for June is due for release today and they are expecting the June figure to be 0.5%.

Key Quotes

“The previous five months showed consecutive monthly growth in industrial production, with the figure for May showing 1.2%. We expect the June figure to be 0.5%. We expect industrial production to continue showing strong figures for Q3, as in Q1 and Q2. German business confidence is high and we continue to see strong activity levels for companies, which supports growth in industrial production.”