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German industrial output rises 0.7% in September

Reuters
German industrial output rises 0.7% in September

FRANKFURT, Nov ‌6 (Reuters) - German industrial production unexpectedly rose ​in ‌September by 0.7% from ‌the previous month, driven by a seasonal ‌upswing in the car industry, the federal statistics office said on Friday.

Analysts ⁠polled by Reuters had ‌forecast stagnation.

The ⁠upside surprise was tempered by ​a downward revision for August to a ​month-on-month gain of ​1% ‌from an initial read-out ​of 2%.

Compared with ⁠the year-earlier month, ‌the September ​gain in ​industrial output was 0.4%.

"All in all, industrial production continues to move sideways ‌at a low level," said Joerg Kraemer, ‌chief ​economist at Commerzbank.

(Reporting by Ozan Ergenay, Ludwig Burger and Reinhard Becker; ‌editing by Thomas Seythal)