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German October industry output rises beyond expectations -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – A worker at Volkswagen’s assembly line wears a mask to protect himself from the Coronavirus Disease (COVID-19).

BERLIN (Reuters – German industrial output rose higher than anticipated in October according to data released on Tuesday. However, supply issues for intermediate goods and raw materials continued to hinder production in Europe’s largest economy.

After a 0.5% decline in September, the Federal Statistics Office reported that industrial output increased by 2.8%. According to Reuters, October saw a 0.8% increase.

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