Agency: German industrial production is expected to rebound in the second quarter.

Claus Vistesen of Pantheon Macroeconomics stated in a report that German industrial output showed a mild rebound in April, with revisions to the March data making the end of the first quarter look slightly brighter. Industrial production increased by 0.4%, revised from a 0.1% decline in March. Vistesen said, "It is still early days, and geopolitical uncertainty remains a downside risk, but we believe there is a good chance of a rebound in manufacturing in the second quarter." He mentioned that while data for April and May have shown some weakening, survey data continues to signal upside risks for production growth. He added that the rise in the truck toll index in May also sent a positive signal for output. Exports in April also increased by 0.9% compared to the previous month, continuing the upward trend seen in March, which had boosted GDP growth in the first quarter.