Key facts
- Industrial output rose 0.4% year-on-year in September, the statistics office said.
- Automotive production rose 17.1% in September, Trading Economics reported, citing the data.
- Construction output fell 2.6% and machinery and equipment production fell 6.5%, per Trading Economics.
- Commerzbank chief economist Joerg Kraemer said industrial production continues to move sideways at a low level.
German industrial production rose 0.7% in September from the previous month, the federal statistics office said on November 6, beating analysts polled by Reuters who had forecast stagnation. The office said a seasonal upswing in the car industry drove the gain.
The upside surprise was tempered by a downward revision to August, now a month-on-month gain of 1% rather than the initial 2%. Compared with the year-earlier month, September industrial output was up 0.4%.
Trading Economics reported that automotive production rose 17.1% in September after two subdued months partly due to production changeovers and factory holidays, and that pharmaceutical output rebounded 8.0%. It said construction output fell 2.6% and machinery and equipment production fell 6.5%, reversing a 5.8% rise in August. Excluding energy and construction, industrial output was up 1.7%, it reported.
"All in all, industrial production continues to move sideways at a low level," said Joerg Kraemer, chief economist at Commerzbank.