German industrial production rose 0.3% mom in August, much better than expectation of -0.2% mom decline. Over the year, industrial production dropped -4.0% yoy. Production in industry excluding energy and construction was up by 0.7% mom. Within industry, the production of intermediate goods increased by 1.0% mom and the production of capital goods by 1.1% mom. The production of consumer goods showed a decrease by -1.0% mom. Outside industry, energy production was down by -1.7% mom and the production in construction decreased by -1.5% mom.
