Author: Don Nico Forbes

German industrial production unexpectedly rose in June, extending a run of resilient manufacturing data that suggests Europe’s largest economy has so far shrugged off the economic fallout from the war in the Middle East.

German industrial production unexpectedly rose in June, extending a run of resilient manufacturing data that suggests Europe’s largest economy has so far shrugged off the economic fallout from the war in the Middle East.

While input costs have risen sharply, demand is proving resilient as businesses stockpile essential parts and equipment to avoid further disruption from tensions in the Middle East.

The rise in sentiment was driven largely by perceptions of the economy, with a jump in how consumers view the past year as well as the next 12 months.