Economics
German Industrial Production Rose for Fifth Month in September
- Output rose 1.6% in September; median estimate 2.5% gain
- Economy Ministry says recovery will continue but be rockier
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German industrial production rose for a fifth month in September, highlighting how the economy was recovering before the imposition of new virus restrictions.
Output increased 1.6%, less than economists predicted, with gains across all sectors but energy. Rising factory orders reported a day earlier suggest industry could sustain its growth in the months ahead -- contrary to services providers, which have have been far worse hit by a partial lockdown.