German Industrial Production Rose Unexpectedly in September
Industrial output in Germany rose slightly more than expected in September. According to the data from the Economy Ministry, industrial output increased by 0.2% in September compared with August. This was the second consecutive monthly increase after the August figure was revised up to 0.1% from a previously reported decrease of 0.3%.
On annual basis, the volume of industrial production increased by 0.8%, following a revised 0.2% gain in August. Analysts expected 0.1% gain in monthly terms and a rise of 0.5% in annual terms.