Germania Produzione Industriale (Mensile)

Germany’s industrial production rose 1.8% month-on-month in October, accelerating from a downwardly revised 1.1% increase in the previous month and sharply outperforming market expectations for a 0.4% decline. It was the strongest monthly gain since March, driven by higher output of data processing equipment, electronic and optical products (3.9%), and mechanical engineering (2.8%), while production in the automotive sector fell 1.3%. Output excluding energy and construction increased 1.5%, supported by growth in capital goods (2.1%), consumer goods (2.1%), and intermediate goods (0.6%). Meanwhile, energy production increased 1.4% and construction output grew 3.3%. On a three-month basis from August to October, industrial production was 1.5% lower than in the prior three-month period. On an annual basis, total industrial output gained 0.8%, reversing a downwardly revised 1.4% decline in September.