German industrial production jumped 1.9% in July

  • Published
german carsImage source, Getty Images
Image caption,

Stagnation in the eurozone has put pressure on the ECB to boost the economy

German industry has posted its strongest month in almost two and a half years.

The Economy Ministry said industrial production was up 1.9% in July, lifted by an increase in manufacturing and construction output.

It is a big improvement from June when industrial production rose just 0.4%.

It is another piece of strong data from Germany. On Thursday data showed that industrial orders rose at the strongest rate in the more than a year in July.

However last month the ministry released figures to show the economy shrank by 0.2% in the second quarter.

In an effort to avoid further stagnation in Europe, on Thursday the European Central Bank announced a surprise cut in interest rates.

It also launched a programme to buy private sector debt to stimulate lending.