German industrial production fell slightly in October, official figures published have showed, as analysts saw Europe's largest economy drifting towards a winter recession.
Updated figures showed that production rose more strongly than previously thought in September, up 1.1 percent instead of 0.6 percent. "The German economy has not fallen off a cliff but continues its long slide into recession," said Carsten Brzeski, head of macro at ING bank.Sizeable government interventions to mitigate the impact of rapidly increasing energy costs in the wake of the Russian invasion of Ukraine have helped, Brzeski said.
The measures include an energy price cap to come into force next year, which will see the cost for a percentage of typical usage limited to lower-than-market prices.
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