German Industry ‘Not out of the Woods’ Despite Rise in Output

German Industry ‘Not out of the Woods’ Despite Rise in Output
A worker wears a protective mask at the Volkswagen assembly line after VW re-starts Europe's largest car factory after coronavirus shutdown in Wolfsburg, Germany, on April 27, 2020. Swen Pfoertner/Pool via Reuters
Reuters
Updated:

BERLIN—German industrial output rose more than expected in October in a rare sign of strength in manufacturing, but analysts warned that supply bottlenecks for raw materials and intermediate goods would continue to hamper production in Europe’s biggest economy.

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