German industrial output rebounds

Industrial production in powerhouse Germany rose more than expected in August, data showed on Wednesday. Output in the eurozone's biggest economy was up 1.4 percent month-on-month after falling by a revised 1.1 percent in July, the economy ministry said. Analysts polled by Dow Jones Newswires had been projecting a smaller increase of 1.0 percent for August. "The upward trend of production in the manufacturing industry continues," said the ministry in a brief statement. "The weakness of the winter season is over." In its seasonally adjusted and provisional data, the ministry said the construction sector was down 1.9 percent but manufacturing output rose 2.1 percent. This was led by investment goods, which rose 4.4 percent, and a strong increase in heavy vehicle production which was up 13.6 percent. Compared to one year ago, industrial production for the July-August period was however down 0.8 percent.