12/7/2021, 8:00 AM (Source: TeleTrader)
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Industrial production in Germany up 2.8% in Oct.

Industrial production in Germany was 2.8% higher on a monthly basis in October, the country's Federal Statistical Office Destatis said in a provisional report released on Tuesday. Output in the industry was 0.6% down in comparison to October 2020.

Excluding energy and construction, production rose by 3.2% in October. Intermediate goods and consumer goods output decreased by 0.4% and 0.1%, respectively, while the production of capital goods jumped 8.2%. Energy production increased by 0.9%, while construction output grew by 1.2%.

In October, industrial production was 6.5% below the level seen in February 2020, the last month unaffected by the coronavirus pandemic-caused lockdown measures, according to the report.

Baha Breaking News (BBN) / MS