AFP, Frankfurt :
German industrial production showed a slight gain in September following August’s small recovery, official data showed Wednesday.
Industrial production rose 0.2 percent in September, the federal statistics office Destatis said in a statement, slightly bettering analysts’ prediction of a gain of 0.15 percent.
Destatis also revised upwards its data for August, to show a small growth of 0.1 percent instead of a slight decline earlier forecasted.
The fragile recovery came at a moment of high international trade tensions due to US President Donald Trump’s multiple commerce battles including with export giant China.
The positive data also came on the back of rising demand for German industrial goods.
On Tuesday, Destatis reported that industrial companies reported a 0.3 percent month-on-month gain in new orders for September, strongly beating analysts’ forecasts.
By sectors, production of investment goods rose 0.9 percent, while that of partially-finished goods plunged 1.0 percent.
Consumer goods also declined 0.3 percent.
Beyond manufacturing, the construction sector grew 2.2 percent compared to August, while energy shrank 3.3 percent.
German industrial production showed a slight gain in September following August’s small recovery, official data showed Wednesday.
Industrial production rose 0.2 percent in September, the federal statistics office Destatis said in a statement, slightly bettering analysts’ prediction of a gain of 0.15 percent.
Destatis also revised upwards its data for August, to show a small growth of 0.1 percent instead of a slight decline earlier forecasted.
The fragile recovery came at a moment of high international trade tensions due to US President Donald Trump’s multiple commerce battles including with export giant China.
The positive data also came on the back of rising demand for German industrial goods.
On Tuesday, Destatis reported that industrial companies reported a 0.3 percent month-on-month gain in new orders for September, strongly beating analysts’ forecasts.
By sectors, production of investment goods rose 0.9 percent, while that of partially-finished goods plunged 1.0 percent.
Consumer goods also declined 0.3 percent.
Beyond manufacturing, the construction sector grew 2.2 percent compared to August, while energy shrank 3.3 percent.
