Economics
German Industrial Production Rose for Sixth Month in October
- Output increased 3.2% in October; median estimate 1.6% gain
- Economy Ministry says production at 96% of pre-crisis levels
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German industrial production rose for a sixth month in October, highlighting the sector’s relative resilience to pandemic restrictions that have battered economies elsewhere.
Output increased 3.2%, twice as much as economists predicted, driven by investment goods. Rising orders, which have now surpassed pre-crisis levels, suggest manufacturing could sustain growth in the months ahead.