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Europe, News

German industry expects production to rise in coming months – Ifo

BERLIN, July 7 (Reuters) – Industrial firms in Europe’s largest economy expect their production to increase in the coming three months, a survey published by Germany’s Ifo institute on Tuesday showed.

Ifo said its production index climbed to 4.3 points in June from -19.5 in May, marking its second biggest increase since German reunification three decades ago.

Many German firms had halted production during a lockdown imposed to slow the spread of the coronavirus.

(Reporting by Michelle Martin Editing by Riham Alkousaa)

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