German industrial output rises 0.7% in September
EWG•German industrial production rose 0.7% in September from the previous month, against analysts’ expectations of no change. August’s gain was revised down to 1% from 2%.
1. Output and revision
German industrial production rose 0.7% in September from the previous month, driven by a seasonal upswing in the car industry. August’s month-on-month increase was revised down to 1% from an initial 2%, while output was up 0.4% from a year earlier. Commerzbank chief economist Joerg Kraemer said production continued to move sideways at a low level.
