Germany September industrial production +0.6% vs +0.2% m/m expected

• Prior -0.8%; revised to -1.2%
• Industrial production +2.6% y/y
• Prior +2.5%; revised to +1.6%

German factory output improved at the end of Q3, though there was a bit of a negative bump to the August numbers. Looking at the details, the production of consumer goods was up by 1.4% and the production of capital goods by 1.1%. Meanwhile, the production of intermediate goods decreased by 0.1%.

Despite some of the better numbers, the production in the energy-intensive industrial branches declined by 0.9% and delivery bottlenecks are still a major problem for the overall sector.

/EUR EUR The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value Read this Term