Economic news

German factory production minorly gains propped by construction

Germany’s manufacturing production grew a bit more than it had been forecasted in September, underpinned by a jump in construction, today’s report revealed, implying that the country’s softer results of the third quarter could be short-lived.

Factory production inched up 0.2% in the month, according to the Economy Ministry, one notch higher than the predicted 0.1% uptick in a poll by Reuters, marking a second straight month of growth as August’s reading was upwardly revised to 0.1%.

The Economy Ministry commented saying that slow pace of the July-September quarter was largely caused by a drop in car industry output connected to new pollution standards.

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