Germany: Industrial production rebounds in September
November 7, 2022
On a seasonally-adjusted monthly basis, industrial production increased 0.6% in September (August: -1.2% mom). Output of consumer goods and energy production rose, driving the headline result. On the other hand, production of intermediate goods and in construction contracted.
Industrial output grew 2.6% year on year in working-day adjusted terms in September (August: 1.6% yoy). Meanwhile, the trend pointed down, with annual average industrial production contracting 0.7% in September (August: -1.0%).
Author: Jan Lammersen, Economist