Germany factory output jumps but exports disappoint

Factory output rose 0.8 percent month-on-month, according to preliminary data from statistics agency Destatis, far better than analyst expectations of a decline. It marked the first time since a post-Covid lockdown surge in 2021 that production has increased for three straight months, analysts said. "Producers of capital goods, including those manufacturing defence equipment, are in particular benefiting," said the economy ministry in a statement. On Thursday official data showed that industrial...