German industrial output rises less than expected

Germany’s industrial production rose 1.3% month-on-month in September, rebounding from a revised 3.7% decline in August but falling short of expectations for a 3% increase.

Automotive output surged 12.3% after a 16.7% plunge in August, as activity normalized following factory holidays and production changeovers.

Production of data processing equipment, electronic, and optical products rose 5.1%, while mechanical engineering fell 1.1%. Industrial production excluding energy and construction increased 1.9%, with capital goods up 3.8% and consumer and intermediate goods each rising 0.2%.

Energy production climbed 1.3%, while construction output declined 0.9%.

On a three-month basis from July to September, industrial production was 0.8% lower than in the prior three-month period. On an annual basis, total industrial output fell 1.6%, following a revised 3.6% drop in August.