German Industry Continues Growth Thanks to the Automotive Sector

Thanks to high demand from Eurozone countries and auto sector recovery, the German industrial sector registered growth for the third month in October.

“Sitments increased by 0.3% compared to September level”, the federal statistical office announced today.

In September the rise was initially reported at the level of 0.3%, but was subsequently corrected at 0.1%. The month of August had a higher growth.

“German industry is now benefiting from a recovery of the automotive sector”, analyst Ralph Solveen of “stressed. Commerzbank