Germany Industrial Output Falls Unexpectedly


Germany's industrial production declined unexpectedly in October, data from Destatis revealed on Friday.


Industrial production decreased 1.7 percent on a monthly basis in October, bigger than the revised 0.6 percent fall logged in September. Economists had forecast output to recover 0.1 percent.


On a yearly basis, industrial output declined sharply by 5.3 percent after easing 4.5 percent in September. Production was expected to decline 3.6 percent in October. Excluding energy and construction, production was down by 1.7 percent.


Within industry, energy output advanced 2.3 percent, while construction output decreased 2.8 percent.


Production of intermediate goods increased 1.0 percent and that of consumer goods by 0.3 percent. Meanwhile, output of capital goods showed a decline of 4.4 percent.




Get in Touch

Talk to us today and explore the future with WooHoo AI Ireland

Camden Street Lower, St Kevin's, Dublin 2

Email. info@woohooai.com

Phone. +353 - 214 - 651- 000

© 2018 by WooHoo AI. An Emma & Ariel Production Proudly created and operated by Roche Fintech 634861 / WooHoo AI Ireland / 77 Camden Street Lower, St Kevin's, Dublin 2, Ireland D 02 XE 80 | +353-214-651-000 | info@woohooai.com

Code of Practice | Refund Policy | Warranty | Cookie Policy | Sale T&Cs | Privacy Policy | How it Works | FAQ | Customer Notifications