German industrial output up 0.2%

Frankfurt

GERMAN industrial production rose less than economists predicted in October amid a slump in energy output.

Output, adjusted for seasonal swings and inflation, rose 0.2 per cent from September, when it declined 1.1 per cent, data from the Economy Ministry in Berlin showed on Monday.

The reading, which tends to be volatile, is the first positive one in three months and compares with a median estimate for a 0.8 per cent gain in a Bloomberg survey of economists.

Production was…