12/7/2017, 8:04 AM (Source: TeleTrader)
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German industrial output in October down 1.4%

German industrial production declined by a seasonally adjusted 1.4% in October compared to the previous month, the country's statistical office Destatis said on Thursday. In September, the figure was adjusted from an initial drop of 1.6% to a decrease of 0.9%.

In October, industrial production, excluding energy and construction, declined by 2.0%. The report stated that the production of capital goods also fell 2.7% and the production of consumer goods decreased by 2.6% from September. The production of intermediate goods lost 1.0%.

Energy production rose 5.1% from the previous month while production in construction declined 1.3% on a monthly basis in October.

Breaking the News / VK