Germany industrial output jumps in boost for economy

FRANKFURT, Dec 08 (AFP): German industrial production unexpectedly jumped in October, official data showed Monday, the latest sign that Europe's crisis-wracked top economy may be turning a corner.

Factory output rose 1.8 per cent month-on-month, according to preliminary data from federal statistics agency Destatis, after a 1.1 per cent rise in September. The positive result, boosted by the construction and the machinery sectors, was far better than a 0.55 per cent decline forecast by analysts surveyed by financial data firm FactSet.