-German industrial production declined in March, although less than expected thanks to construction, data from the federal statistics office showed on Wednesday.
Palmas expects industrial output to rise a bit further over the course of the year but remain subdued by past standards. "The cyclical downswing has come to an end and optimism is back," ING's global head of macro Carsten Brzeski said. "However, the road to a substantial recovery, particularly in industry, remains long."
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