Germany’s Federal Statistical Office said industrial output rose 0.9% MoM in
May, above a 0.2% consensus and the initially reported April gain of 0.4%. The
rise was driven by a 3.6% MoM jump in motor vehicle production. The three-month
on three-month series (Mar–May vs. prior three months) increased 0.1%. April was
revised down to +0.2% MoM from a preliminary +0.4%. Separately, May industrial
orders rose 1.9% MoM; the increase remained sizable after excluding large
one-off orders such as aircraft, ships, trains and military vehicles.
