German Industrial Output Rises 0.7 Percent in September
German industrial production unexpectedly increased in September by 0.7 percent from the previous month. The rise was largely driven by a seasonal upswing in the car industry, beating analyst forecasts of stagnation.
Insights:
Germany's industrial production rose 0.7% in September from the previous month, driven by a seasonal upswing in the car industry. The federal statistics office reported the figures on Friday, defying analyst expectations of stagnation.
