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To: yard_man who wrote (171830)	6/11/2002 3:29:50 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 436258

German April Indus Output -2: Data Below Estimates BERLIN (Dow Jones)--German industrial output in April rose only slightly and was below economists' estimates, thus offering few signs that improved business sentiments are starting to materialize in a solid rebound of the German economy. Industrial production in April rose a seasonally adjusted 0.2% on the month after a 0.3% fall in March, the finance ministry said Tuesday in a preliminary report. Continuing weak production in the construction sector burdened the overall figure, the ministry said. Economists had estimated that April industrial production rose 0.8% on the month, with estimates ranging from a rise of 0.4% to an increase of 1.5%. On a year-on-year basis, April industrial production rose by an unadjusted 4.6% and fell an adjusted 2.0%. The marginal rise coincided with an already-reported seasonally adjusted 2.3% increase in manufacturing orders in April, which as an indicator of future industrial activity, offered much clearer evidence of a long-awaited economic recovery. The rise in industrial production in April was a result mainly of a rise of 2.4% in energy output and a 0.3% rise in manufacturing output, which was boosted by a 2.3% increase in capital goods production, the ministry said. Construction output, however, slid 3.0% in April, it said. In western Germany, April industrial production rose 0.3% from March, while in eastern Germany it was down 1.1%. In a comparison of total German industrial production over two months, the ministry said March-April production was 0.1% higher than January-February output. The small output rise is likely to be a disappointment to the Social Democrat-led government, which is trying to prove that the sluggish economy is on a rebound. The economy is a key election issue, with general elections slated for Sept. 22. The German government predicts that the country's gross domestic product growth, which slowed to 0.6% last year from 3% in 2000, will average 0.75% this year and 2.5% next. (MORE) Dow Jones Newswires 11-06-02 0901GMT