Industrial production in Germany in October rose faster than was expected.
Figures from the German Ministry of Economic Affairs show that industrial production in October rose slightly by 0.8 percent over one month earlier. Analysts had previously expected a rise of 0.4 percent.
Previously was announced that the German PMI in November for the second time in a row dropped to 47.9. A figure below 50 indicates contraction in industrial activity.
The German engineering is still in the elevator. Order intake rose in the third quarter by 29 percent.