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Data on German Industrial Production came in below estimates but rose for a fourth consecutive month, adding to expectations that Germany's economy is strengthening. Industrial Production in the Eurozone's biggest economy rose less-than expected last month to a seasonally adjusted annual rate of +0.1%, short of expectations of +0.4%. The preceding month figure was revised up from -0.1%. Year on year it declined by -0.7%, compared to a reading of -0.5% in the previous period.
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