July 7, 2020 / 5:24 AM / a month ago

German industry expects production to rise in coming months - Ifo

FILE PHOTO: A steel worker of Germany's industrial conglomerate ThyssenKrupp AG works near a blast furnace at Germany's largest steel factory in Duisburg, Germany, January 28, 2019. REUTERS/Wolfgang Rattay/File Photo

BERLIN (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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