In December, industrial output contracted a seasonally adjusted 2.9% over the previous month, which contrasted both the flat reading observed in November (previously reported: -0.6% month-on-month) and market expectations, of a 0.2% increase. The worst-than-expected figure reflected a deterioration in all major sub-categories of the index, particularly in manufacturing output and construction activity. Compared to December the previous year, industrial production increased a paltry 0.9% in working-day adjusted terms, which was well below the 4.4% expansion observed in November. In the full year 2011, industrial production grew 7.9%, slower than the 10.2% increase recorded in 2010.
Industrial production contracts more than expected
February 7, 2012
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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.