Economic Indicators

German Output Grows by 0.6% in September — Destatis



By Scott Kanowsky 

Investing.com — German industrial output grew by more than expected in September, according to data from the federal statistics office on Monday, as factories churned out more consumer and capital goods despite ongoing supply chain disruptions.

Industrial production in the Eurozone’s largest economy expanded by 0.6% during the month, up from a downwardly revised contraction of 1.2% in August and ahead of economists’ forecasts for growth of 0.2%.

Undergirding the rise was strength in consumer and capital goods, which saw production tick up by 1.4% and 1.1%, respectively.

However, these increases were offset by a 0.9% month-on-month fall in output in energy-intensive branches of industry.

Supply chain bottlenecks stemming from the war in Ukraine also continued to hamper the country’s wider industrial sector, the office said, particularly in processing orders.

Source

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