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Germany's industrial output drops 1.8%

Germany's September industrial production fell more than estimations, thus performing the sharpest drop within a period of two years. The industrial output for the month weakened 1.8%, as per the Economy Ministry's data.

Germany's Q3 industrial output

On the other hand, the nation's industrial output, for the third quarter, climbed 0.3%, with the construction industry appreciating 0.9%.

Furthermore, according to the Federal Statistics Office, the exports, on a seasonal basis, declined 0.7%, whereas imports traded 0.5% weaker. The exports were predicted to fall 0.85% while the imports to shrink 0.2%.

Moreover, the drop in exports adversely influenced the German trade surplus as it narrowed from 21.6 billion euros to 21.3 billion euros.
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Tuesday, 08 Nov, 2016 / 9:32

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Source : https://www.argusfx.com/en/research-education/market-analysis/news/germany-s-industrial-output-drops-1.8

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