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Germany's Oct Industry Output Far Below Expectations

From mninews.marketnews.com

German industrial production fell 2.6% in October, far more than analysts had expected, and was 3.7% lower on the year, the Economics Ministry said Friday. The less volatile two-month comparison showed September-October industrial output down 2.7% from July-August. The three-month moving average (August-October) indicated a 1.4% fall in production compared to July-September. October output was down 3.6% compared to the 3Q average. Amongst sub-categories, manufacturing output decreased 2.4% in October after -2.1% in September. The two-month comparison showed September-October down 3.4% from July-August. Investment ... (full story)

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  • Category: Medium Impact Breaking News