Germany – No lasting turnaround in production yet

Another positive data point from the industry: the industrial sector increased its production by 0.7% in September compared to the previous month, after it had already increased in August. However, production since July has been affected by various special effects such as relatively late plant holidays and a temporary shutdown of a car plant. This had depressed production, especially in July, and increased production in August and September – at least in part. Therefore, the quarterly averages should give a more reliable impression of recent developments, and there is practically no change in the third quarter compared to the second quarter.

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