Next report should be on Thursday 12 November, 2009
In Germany, industrial production rose for the second consecutive month in September. On a monthly basis, industrial production rose by 2.7% M/M, while the consensus was looking for an increase by 1.0% M/M. The previous figure was upwardly revised from 1.7% M/M to 1.8% M/M. Looking at the details, manufacturing and mining rose by 3.2% M/M due to a 5.9% M/M increase in capital goods, while consumer goods rose by 2.3% M/M and intermediate goods by 0.9% M/M. Energy rose slightly (0.4% M/M), while construction dropped by 1.8% M/M. This is however no surprise after the strong increases in orders in the latest months.
