REAL SECTOR | Industrial output rises more than expected in October In October, industrial production expanded 2.9% in seasonally adjusted terms over the previous month. The reading contrasted the revised 1.0% contraction recorded in September (previously reported: -0.8% month-on-month) and overshot market expectations of a 1.0% rise. On an annual basis, industrial production expanded 8.1% in October, which was up from the 7.8% expansion observed in September. The surprise expansion in October was broad-based. In particular, manufacturing output grew 3.1% over the previous month, contrasting a 0.8% decline observed in September. In addition, construction expanded 1.3% in October (September: -0.2% mom). The trend continues to point to a sustained recovery, with the annual average variation in industrial production jumping from 5.4% in September to 7.4% in October, which marked the fastest pace on record.
Industrial output rises more than expected in October
December 8, 2010
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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.