India, July 7 -- Germany's industrial production rebounded in May driven by robust demand for automobile and pharmaceutical products, official data revealed on Monday.
Data released by Destatis showed that industrial production grew 1.2 percent in May from a month ago, confounding expectations for a decline of 0.6 percent. Output in April was revised down to show a 1.6 percent fall compared to the 1.4 percent drop estimated initially.
On a yearly basis, industrial production expanded 1.0 percent, in contrast to the 2.1 percent decrease seen in April.
Data revealed a strong demand for German automotive and pharmaceutical products. Auto industry grew 4.9 percent and pharmaceutical industry expanded 10.0 percent.
Excluding energy and const...