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German October industry output rises beyond expectations

German October industry output rises beyond expectations
German October industry output rises beyond expectations   -   Copyright  Thomson Reuters 2021
By Reuters

BERLIN – German industrial output rose more than expected in October, data showed on Tuesday, even as supply bottlenecks for raw materials and intermediate goods continued to hamper production in Europe’s biggest economy.

The Federal Statistics Office said industrial output was up 2.8% on the month after a revised decline of 0.5% in September. A Reuters poll had pointed to a rise of 0.8% in October.