Germany's industrial production grew for the third month in a row, showing that Europe's largest economy is resisting the drag of the Iran war. German industrial output in June increased by 0.2% compared to the previous month, according to data released by the German Statistical Office on Friday. This figure is lower than last month's revised 0.7% growth rate, but is in line with economists' median expectations. The main force driving industrial growth comes from the automotive industry. Automobile output in June increased 3.6% from the previous month. Meanwhile, another set of data shows that German exports have expanded for the fifth month in a row, and imports have also increased dramatically. This brought Germany's trade surplus to 15.4 billion euros, down from 19.3 billion euros in May. The German Ministry of Economy said in a statement: “Despite external economic pressure, manufacturing output in the last quarter showed considerable resilience.”

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