Germany’s industrial production rose in November after contracting in October, suggesting some resilience in the country’s factory sector midway through the fourth quarter despite high energy prices and slowing global demand for goods.
Industrial output–comprising production in manufacturing, energy and construction–increased by 0.2% in November after falling by a revised 0.4% in October, data from the German statistics office Destatis showed Monday.
Economists polled by The Wall Street Journal expected production to increase 0.3%.
Manufacturing output rose 0.5% on month, energy production increased 3% and construction output fell 2.2%, according to Destatis. Production at energy-intensive industrial branches rose 0.2%, the data showed.
Germany’s manufacturing sector faces sluggish orders in recent months due to weakening demand amid a global economic slowdown. Even as companies still have order backlogs to work through and the threat of gas shortages in the industry has eased, high energy costs, elevated inflation and an uncertain economic outlook pose challenges in the months ahead.
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