 The industrial production figure is higher than expected |
German industrial output jumped 1.1% month on month in October, beating forecasts, official figures have shown. "The trend in industrial production is still clearly up, led by output in the manufacturing sector," the German economy ministry said in a statement.
A Reuters poll of economists had previously forecast an increase of just 0.5% for October.
Economists attributed the rise to a boom in exports and warned that domestic demand had yet to pick up.
"Besides the drip through effects, investment in industry, wages and employment remain modest, which means we have a split recovery in Germany," said Adolf Rosenstock, an economist at investment bank Nomura.
"On the one hand, industry is doing very well, but we still need to wait for the spark to jump over to the domestic economy."
The economy ministry also revised its September numbers to show a 1.5% increase, compared with the preliminary 1.2% previously reported.
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