In November, industrial production dropped a seasonally and working-day adjusted 0.6% over the previous month, which contrasted the 0.8% increase observed in October. The monthly reading was, however, virtually in line with market expectations that had industrial output sliding 0.5%. The November contraction was broad-based, with all the main categories recording a deterioration over the previous month, particularly manufacturing and energy supply. Only construction bucked the trend, surging 4.5% in December due to favourable weather conditions. Compared to the same month the previous year, industrial production slowed from a 4.2% increase in October to a 3.6% expansion in November, which represents the weakest growth rate seen since January 2010. As a result, the trend continues to point downwards, with annual average growth stepping down from 9.4% in October to 8.7% in November.
Industrial production declines in November
January 9, 2012
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Germany Economic News
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.
September 26, 2016
German businesses turned much more optimistic in September.