German industrial output surges on booming car sales

(Reuters) Booming car sales drove a stronger-than-expected jump in German industrial output in October, in a further sign that the export-oriented manufacturing sector helped Europe’s largest economy to get off to a solid start in the fourth quarter. 

Industrial output was up by 3.2% on the month after an upwardly revised increase of 2.3% in the previous month, figures released by the Federal Statistics Office showed on Monday.