German Output Rises in September as Auto Production Rebounds
A sharp automotive rebound lifted monthly output, but production across the third quarter remained below the previous quarter.
Key takeaways
- Output across industry, construction and energy rose 0.7% in September.
- Third-quarter production fell 0.4% from the previous quarter.
Germany’s output across industry, construction and energy rose 0.7% in September from August, according to provisional data from Destatis. Production in the third quarter was 0.4% lower than in the previous quarter.
Automotive production jumped 17.1% after factory holidays and production changes had kept output low in July and August. Pharmaceutical production rose 8%, while machinery output fell 6.5% and construction output dropped 2.6%.
August’s monthly increase was revised down to 1% from 2%, according to Ekonomim. Excluding energy and construction, industrial production rose 1.7% in September.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
