The German industrial production increased by 1.8% in October compared to the previous month, surpassing economists' expectations of a 0.3% increase, according to data released on Monday by the country's statistics agency, Destatis.
This growth follows a 1.3% increase in September and aligns with the 1.5% rise in industrial orders reported on Friday, signaling a continued stabilization in Germany's industrial sector.
The positive monthly figures come as Europe's largest economy awaits large-scale government investments. German authorities have promised to release up to €1 trillion (US$ 1.165 trillion) for investments in areas such as defense and infrastructure.
Despite the monthly improvement, the quarterly comparison revealed that industrial production was 1.5% lower during the period from August to October, indicating ongoing challenges in long-term industrial performance.
