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Germany Industrial production October 2022

Germany: Industrial production declines in October

On a seasonally-adjusted monthly basis, industrial production decreased 0.1% in October (September: +1.1% s.a. mom). Output of consumer and intermediate goods and energy production decreased, driving the headline result. On the other hand, production in construction increased.

Industrial output was flat year on year in working-day adjusted terms in October (September: +3.1% yoy). Meanwhile, the trend pointed up, with annual average industrial production contracting 0.5% in October (September: -0.6%).

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