German industrial output edges up less than forecast in October

German industrial output inched up in October, data from the Economy Ministry showed on Monday, in a sign that this sector of Europe’s largest economy is recovering slightly at the start of the fourth quarter after a rough patch in the summer.

While the headline reading missed expectations in a Reuters forecast for a 0.7 percent rise, it came after a 1.1 percent fall in September – output’s steepest drop in more than a year.

A 5.9 percent decline in monthly energy production held overall industrial output back in October while factories that make intermediate and consumer products also reported weaker production figures.

But capital goods were a bright spot, with 2.7 percent more of these rolling off production lines in Germany than in the previous month.

Source: Reuters