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- German industrial production fell sharply in October
German industrial production fell sharply in October
According to provisional data of the Federal Statistical Office (Destatis), in October 2019, production in industry was down by 1.7% on the previous month on a price, seasonally and calendar adjusted basis. Economists had expected a 0.1% increase. In September 2019, the corrected figure shows a decrease of 0.6% from August 2019, thus confirming the provisional result published in the previous month.
In October 2019, production in industry excluding energy and construction was down by 1.7%. Within industry, the production of intermediate goods increased by 1.0% and the production of consumer goods by 0.3%. The production of capital goods showed a decrease by 4.4%. Outside industry, energy production was up by 2.3% in October 2019 and the production in construction decreased by 2.8%.
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