German industry continues to recover
Monday, 9 November 2009 11:35Official figures show that German industrial output rose by a better than expected 2.7% in September.
Preliminary data from the economy ministry showed industrial production posting its second consecutive gain following a 1.8% increase in August. The August figure was revised slightly higher from the initial estimate.
The data is the latest in a series pointing to brighter times ahead for Germany, Europe's economic powerhouse and one of the world's leading exporters.
The national statistics office Destatis also said exports had gained 3.8% in September as a global increase in activity spurred demand for German capital goods, those used to make finished products.
The German government has recently raised its view on economic output as a whole this year, forecasting a contraction of between 4% and 5%, compared with a previous estimate of 6%.
