FOREX TradingCharts.com

Financial News: German Industrial Production Declines Unexpectedly In Octo

German Industrial Production Declines Unexpectedly In October

12/07/2017 - 06:58:00 (RTTNews)

(RTTNews) - Germany's industrial production dropped unexpectedly in October driven by weakness across major sectors except energy.

Industrial production fell 1.4 percent month-on-month in October, following a revised 0.9 percent drop in September, data from Destatis showed Thursday.

This was the second straight decline in output. Production was forecast to grow 0.9 percent.

Excluding energy and construction, industrial production decreased 2.0 percent. Energy production advanced 5.1 percent, while construction output decreased 1.3 percent.

Production of capital goods fell 2.7 percent and output of consumer goods dropped 2.6 percent. At the same time, the production of intermediate goods showed a decrease of 1.0 percent.

On a yearly basis, growth in industrial production eased to 2.7 percent from 4.1 percent in September. Economists had forecast a faster growth of 4.3 percent.

Data released on Wednesday revealed an unexpected increase in factory orders in October. Orders had increased 0.5 percent but slower than September's 1.2 percent rise.

Since the trend in orders is clearly pointing upwards, industrial production looks set to increase significantly again in the coming months, Ralph Solveen, a Commerzbank analyst said.

Nonetheless, the weak start into the fourth quarter gives reason to assume that at the end of the year real GDP expanded somewhat more slowly than in the summer, the analyst added.

The economy ministry said favorable order situation and more optimistic business expectations signal continuation of good industrial momentum.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


WTO: Argentinean President Defends Open Markets In Speech (07 min(s), 21 sec(s) ago)
(RTTNews) - Argentinean President Mauricio Macri on Tuesday hosted the opening ceremony of the Wor ...Full Story»

TECHINT: Company To Develop US$ 1 Billion Steel Mill In Mexico (02 hr(s), 14 min(s), 21 sec(s) ago)
(RTTNews) - The Italian-Argentinean multi-national Grupo Techint pitched to Mexican President Enri ...Full Story»

Poland Core Inflation Accelerates In November (07 hr(s), 50 min(s), 21 sec(s) ago)
(RTTNews) - Poland's core inflation accelerated in November after easing in the previous month ...Full Story»

India Inflation Climbs To 15-month High In November (08 hr(s), 02 min(s), 21 sec(s) ago)
(RTTNews) - India's retail inflation accelerated to its highest level in fifteen months in Nov ...Full Story»

U.S. Producer Prices Climb More Than Expected In November (08 hr(s), 11 min(s), 21 sec(s) ago)
(RTTNews) - Producer prices in the U.S. increased by slightly more than expected in the month of N ...Full Story»

German Economic Sentiment Deteriorates More Than Forecast (08 hr(s), 56 min(s), 21 sec(s) ago)
(RTTNews) - Germany's economic sentiment weakened more-than-expected in December amid politica ...Full Story»

UK Inflation Rises To 3.1%, Highest Since 2012 (09 hr(s), 26 min(s), 21 sec(s) ago)
(RTTNews) - UK inflation accelerated unexpectedly to its highest level in more than five years in ...Full Story»

South Africa's Manufacturing Production Rebounds In October (10 hr(s), 41 min(s), 21 sec(s) ago)
(RTTNews) - South Africa's manufacturing production increased at a faster-than-expected pace i ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

WTO: Argentinean President Defends Open Markets In Speech

12/12/2017 - 16:47 PM (RTTNews)
(RTTNews) - Argentinean President Mauricio Macri on Tuesday hosted the opening ceremony of the Wor ...Full Story>>

TECHINT: Company To Develop US$ 1 Billion Steel Mill In Mexico

12/12/2017 - 14:40 PM (RTTNews)
(RTTNews) - The Italian-Argentinean multi-national Grupo Techint pitched to Mexican President Enri ...Full Story>>

Poland Core Inflation Accelerates In November

12/12/2017 - 09:04 AM (RTTNews)
(RTTNews) - Poland's core inflation accelerated in November after easing in the previous month ...Full Story>>

India Inflation Climbs To 15-month High In November

12/12/2017 - 08:52 AM (RTTNews)
(RTTNews) - India's retail inflation accelerated to its highest level in fifteen months in Nov ...Full Story>>

U.S. Producer Prices Climb More Than Expected In November

12/12/2017 - 08:43 AM (RTTNews)
(RTTNews) - Producer prices in the U.S. increased by slightly more than expected in the month of N ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.