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German industry output posts surprise fall in October

From reuters.com

German industrial output posted a surprise fall in October, easing 1.2 percent on the month in its steepest decline since May - although the economy ministry reassured the weak start to the fourth quarter would be quickly overcome. The fall compared with a Reuters consensus forecast from 38 economists for a 0.8 percent rise. A two-month average for September and October showed output easing 0.5 percent, data published on Monday showed. "After high output levels in the second and third quarters supported by catch-up effects, output made a weak start to the last quarter. Industrial orders suggest upwards momentum ... (full story)

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