DAX Index Rose After Strong Data on German Industrial Production
The European stocks rose today, while Germany's DAX stock index reached a new record level amid positive data from the largest economy of the Eurozone. The DAX increased by 0.07% and is trading at the level of 12.965.50.
The volume of industrial production in Germany increased by 2.6% in August. This is the most significant growth in the last six years. Such a result significantly surpassed the forecasts of analysts who expected that production in August will increase by only 0.7%, after the July drop of 0.1%. These figures may indicate a strengthening of the German economy in the third quarter and contribute to a strong recovery of the Eurozone economy.