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To: Haim R. Branisteanu who wrote (174421)	6/21/2002 3:45:32 PM
From: Haim R. Branisteanu	Respond to of 436258

DJ. Bundesbank Confirms German April Indus Output +0.2% MM BERLIN (Dow Jones)--German industrial production in April rose as initially reported, the Deutsche Bundesbank said Friday. April industrial output rose a seasonally adjusted 0.2% on the month, the Bundesbank said in a report confirming preliminary data given by the Finance Ministry June 11. The Bundesbank said the April industrial production index was 110.9, up from 110.7 in March. The data will be disappointing for those who had waited for an upward revision. Ahead of the preliminary report, 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%. The data offers few signs that improved business sentiments are starting to materialize in a solid rebound of the German economy. The German economy has slowed sharply as a result of global economic weakness and temporary high euro-zone inflation last year. German real gross domestic product growth was just 0.6% last year, compared with 3.0% in 2000. The government expects GDP growth to accelerate gradually in 2002 and average 0.75% for the year as a whole. -By Andrea Thomas, Dow Jones Newswires; 49 30 288 8410; andrea.thomas@dowjones.com