Germany: Industrial production softens in October
December 8, 2014
In October, industrial production rose a seasonally-adjusted 0.2% over the previous month, coming in below September’s 1.1% increase and falling slightly short of market expectations of a 0.3% expansion. October’s reading reflected that gains in construction as well as the production of intermediate and consumer goods more than compensated for declines in the production of capital goods and energy.
Compared to the same month last year, industrial production recovered some more of the ground lost in August as it accelerated from September’s mild 0.1% expansion to a 0.8% increase in October, recording the largest gain in three months. As a result, the overall trend stabilized as annual average growth in industrial production remained at September’s 2.1% in October.