DIW sees German 2003 industry output up 1.5 pct

Newswire

BERLIN, Dec 18 (Reuters) - German industrial production will rise 1.5 percent next year after falling 1.4 percent in 2002, the first contraction in output since 1993, the Berlin-based DIW economic think tank forecast in a study published on Wednesday. The study, entitled "Industrial production: the end of the recession?", cautioned any upswing would remain moderate due to the strengthening of the euro. "A stronger upswing in production will be hindered as foreign demand is braked by the ...

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