In November, industrial production contracted 0.7% over the previous month in seasonally and working-day adjusted terms. The reading contrasted the revised 3.0% expansion observed in October (previously reported: +2.9% month-on-month) and undershot market expectations, which had seen industrial output falling 0.2%. On an annual basis, industrial production slowed from a 12.4% expansion in October to an 11.1% increase. The November contraction was broad-based, as all main categories of the index fell over the previous month. Manufacturing output dropped 0.6% over the previous month, contrasting the 3.0% expansion registered in October. Mining and quarrying contracted 2.1% in November, down from the 3.8% increase tallied in October. Finally, construction slipped 1.1% (October: + 3.1% mom). Despite the drop, the trend continues to point to a sound recovery, with the annual average variation in industrial production rising from 7.0% in October to 8.8% in November, confirming that industrial production remains one of the key engines of economic growth.
Industrial output falls more than expected
January 7, 2011
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Germany Economic News
October 24, 2016
The Markit Flash Composite Purchasing Managers’ Index (PMI) rose from 52.8 in September to 55.1 in October.
October 10, 2016
The seasonally- and calendar-adjusted trade surplus increased from EUR 19.4 billion in July to EUR 22.2 billion in August, driven up by recovering exports.
October 7, 2016
In August, industrial production rose 2.5% from the previous month in seasonally-adjusted terms, in contrast to July’s large 1.6% drop, which had been the lowest reading in nearly two years.
September 29, 2016
Consumer prices in September rose 0.1% in a month-on-month comparison, according to preliminary data released by the Federal Statistics Office (Destatis) on 29 September.
September 28, 2016
Heading into October, the mood among German consumers weakened slightly but still stayed at a high level.