2018.11.0702:23:00UTC+00German Industrial Production Unexpectedly Rises In September

Germany's industrial production rose for a second straight month in September, defying expectations for a modest decline, preliminary figures from the Federal Statistical Office showed on Wednesday.

Production grew a calendar and seasonally adjusted 0.2 percent. Economists had forecast a 0.1 percent decline. August's 0.3 percent decline was revised to a 0.1 percent gain. On a year-on-year basis, production grew 0.8 percent following a revised 0.2 percent gain in August. Economists had expected a 0.2 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.