German industrial production rises for second month as car output rebounds
German industrial production rose 0.7% in September, its second monthly increase in a row, as car manufacturing rebounded. The figures offer a hopeful sign for an economy that has endured years of stagnation, though the automotive sector remains under pressure.
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German industrial production rose for a second consecutive month in September, led by a sharp rebound in car manufacturing, according to figures reported by ANP and Bloomberg. The increase has fuelled hopes that Europe’s largest economy could return to growth after years of stagnation, with government spending on infrastructure and defence also supporting activity.
Production rose 0.7% from August. Output in the automotive industry jumped 17.1%, while higher pharmaceutical production also contributed after two weaker months.
The car industry’s monthly rebound comes as the sector remains under pressure: BMW, Volkswagen and Mercedes have issued profit warnings in recent months and announced plans to cut jobs. The latest production figures therefore offer a positive sign, but do not by themselves establish a sustained recovery.
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