In September, industrial production contracted 0.8% in seasonally and calendar adjusted terms over the previous month. The reading contrasted the revised 1.5% expansion observed in August (previously reported: +1.7% month-on-month) and market expectations, which had industrial output growing 0.4%. The monthly fall mainly reflected a contraction in manufacturing, which declined 0.9% month-on-month, contrasting the 1.9% increase registered in August. Simultaneously, consumer goods production fell 0.6% over the previous month (August: +0.7% mom). Despite September's fall, the trend in industrial production continued to point upwards with the annual average variation in industrial production rising from 3.4% in August to 5.4% in September, which marked the highest level since February 2008.
ndustrial output unexpectedly falls in September
November 8, 2010
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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.