An employee works at the assembly line of the Ford car factory of Saarlouis
An employee works at the assembly line of the Ford car factory of Saarlouis Reuters

German industrial production topped economists' expectations during October, a report by Destatis said, indicating the German economic recovery continues, contrary to fears of a slowdown.

Industrial production rose 2.9 percent in October from the previous month, and was up 11.7 percent compared to last year.

Economists on average were expecting a rise of 1 percent sequentially.

Separately, Germany said its exports rose by 19.8 percent and imports by 21 percent during the month. Domestic demand has been driving much of the economic growth in Germany, which reported yet another drop in unemployment rate in earlier in December.

Germany is one of the stronger economies in the eurozone. Most regions like Greece, Italy, Spain and Portugal are struggling under a massive debt load. Greece and Ireland were bailed out financially by the EU and IMF earlier this year.

IMF Unemployment Germany Portugal