Germania Produzione Industriale (Mensile)

Industrial production in German rose 0.6% month-over-month in September of 2022, rebounding from an upwardly revised 1.2% fall in August and beating market forecasts of a 0.2% increase. Production went up for consumer (1.4%) and capital goods (1.1%) but fell for intermediate (-0.1%). Meanwhile, the energy output was up 1.7% while construction moved 0.3% lower. In contrast to the overall industry, production in the energy-intensive industrial branches declined 0.9%. Compared to the same month last year, industrial output rose 2.6%. Despite September's rise, production is still affected by the extreme shortage of intermediate products. Enterprises still have difficulties completing their orders as supply chains are interrupted because of the war in Ukraine and distortions persist that have been caused by the Covid-19 crisis.