Germany's industrial output down for 5th straight month in October
Industrial production decreases 0.4% month-on-month in October, while market estimated growth of 0.2%
By Tuba Ongun
Germany's industrial output dropped for the fifth consecutive month in October, down 0.4% from a month ago, according to Destatis data on Thursday.
The market estimated a 0.2% growth in October's figure which eased from a 1.3% decline in September.
The decrease was mainly led by a 6.3% month-on-month decrease in the manufacture of machinery and equipment, shifting from a 3.9% rise in September.
By contrast, production in the automotive sector rose by 0.7% in the same period.
On an annual basis, industrial production dove by 3.5% in October.
Kaynak:
This news has been read 158 times in total
Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.