German Industrial Production rises 0.3% MoM in April vs. 0.6% expected

Industrial Production in Germany rebounded in April, the official data showed on Wednesday, suggesting that the manufacturing sector could be on the road to recovery.

Eurozone’s economic powerhouse’s Industrial Output rose 0.3% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, vs. 0.6% expected and -2.1% prior