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GERMAN OUTPUT BOUNCES BACK

German industrial companies are frantically rehiring workers and ramping up capacity as they approach output levels last seen before the 2008 collapse of Lehman Brothers sent the global economy into a tailspin.

Orders for export-driven Germany's key sectors such as machinery, cars and chemicals are pouring in, say business leaders.

German engineering, the country's industrial heart employing 915,000, last week revealed a 61 per cent increase in orders year-on-year in May.

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