In September, industrial production dropped a seasonally and working-day adjusted 2.7% over the previous month, which was well below both the revised 0.4% contraction observed in August (previously reported: -1.0% month-on-month) and market expectations, which had expected industrial output dropping by 0.9%. The reading represents the sharpest monthly fall since February 2009. The September deterioration was broad-based, with all the main categories registering contractions over the previous month, particularly in manufacturing (August: -0.4% mom; September: -3.0% mom) and in mining and quarrying (August: -2.3% mom; September: -3.0% mom). Compared to the same month last year, industrial output decelerated from an 8.4% increase in August to a 5.4% expansion in September, thus marking the slowest pace since January 2010. As a result, the trend continues to suggest that the industrial sector is losing momentum, with annual average growth in industrial production edging down from 10.4% in August to 10.1% in September.
Industrial production contracts more than expected in September
November 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.