BERLIN, Dec 8 (AFP): Industrial production in Germany saw a slight boost in October after a strong rise the previous month, according to data released Monday, pointing to a stabilisation of the sector.
Industrial output climbed 0.2 per cent in October compared with the previous month, after a 1.1 per cent increase in September, the federal statistics office said in a statement.
That rebound had come after a weak phase during the summer months.
Factory orders, a key measure of demand for German-made goods both at home and abroad, had also risen strongly in October, according to data released Friday.
Industrial orders rose by 2.5 per cent in October compared with the previous month, the economy ministry said in a statement.
In September, German factory orders had already jumped by 1.1 per cent.
The economy ministry welcomed Monday's data as evidence that industrial production in Europe's top economy "is stabilising".
"After a moment of weakness this summer, not only in industry but also in construction, we've been able to put the worst behind us," it said in a statement, forecasting a "positive" fourth quarter.
Unicredit analyst Andreas Rees agreed, calling the data "encouraging in a sense that it flags stabilisation".
He said he maintained his forecast of a 0.1 per cent rise in industrial production in the fourth quarter "before resuming momentum from the first quarter 2015 onwards".
Factory production stabilises in Germany
FE Team | Published: December 09, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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