German industrial production ekes out 0.2 per cent gain in October after 2 months of declines

BERLIN – Industrial production in Germany, Europe’s biggest economy, edged higher in October after two months of declines but fell short of expectations.

The Economy Ministry said Monday that production rose 0.2 per cent compared with September, a figure that was held down by lower energy production. That followed drops of 1.1 per cent in September and 0.6 per cent in August.

On Friday, official data showed that factory orders — a key indicator for the economy — rebounded in October, increasing by 1.8 per cent after three months of declines and beating projections.

The government expects the economy to grow by 1.7 per cent this year and 1.8 per cent in 2016.