Global Economic News

German Industrial Production Rises For Second Month

Germany's industrial production unexpectedly rose for a second straight month in September, adding to the positive sentiment provided by the orders data released earlier.

Production grew a calendar and seasonally adjusted 0.2 percent from the previous month, preliminary figures from the Federal Statistical Office showed on Wednesday. Economists had forecast a 0.1 percent decline.

August's 0.3 percent decline was revised to a 0.1 percent gain.

Figures released on Tuesday showed that factory orders unexpectedly rose for a second straight month in September, led by domestic demand, suggesting improvement in the economic momentum ahead.

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by RTTNews Staff Writer

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