In August, industrial production contracted a seasonally and working-day adjusted 1.0% over the previous month, which contrasted the revised 3.9% expansion observed in July (previously reported: +4.0% month-on-month) but defied private sector analysts' expectations that had industrial production contracting 1.9%. The August contraction was broad-based, particularly in manufacturing (July: +4.3% month-on-month; August: -1.0% mom) and construction (July: +4.0% mom; August: -1.2% mom). On a year-on-year basis, industrial production rose 7.7% in August, below the 10.3% expansion tallied in July. As a result, the trend continues to point downwards, with annual average growth in industrial production easing from 10.6% in July to 10.3% in August.
Industrial production contracts in August
October 7, 2011
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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.