According to CoinMeta, the German Federal Statistical Office reported that despite the war in Iran driving up energy prices and continuously increasing the pressure on businesses, Germany's industrial output grew by 0.7% month-on-month in September, lower than the revised 1.0% increase in August. Economists had previously expected a month-on-month decline of 0.2%. This growth provides new preliminary signs of a gradual recovery in Germany's industrial sector. Factory orders also increased significantly in September, and a survey of manufacturing purchasing managers in October indicated that industry activity further rebounded, although the growth rate slowed down.