German Industrial Production Jumps More Than Forecast

Industrial production in Germany, Europe’s largest economy, increased more than three times as much as economists forecast in August, led by demand for investment goods such as machinery.

Production jumped 1.7 percent from July, when it rose 0.1 percent, the Economy Ministry in Berlin said today. Economists had forecast a gain of 0.5 percent, the median of 36 estimates in a Bloomberg News survey showed. From a year earlier, production increased 10.7 percent when adjusted for the number of work days after rising 10.9 percent in July.