• Germany industrial production fell more than forecast in September

Market news

7 November 2019

Germany industrial production fell more than forecast in September

According to provisional data of the Federal Statistical Office (Destatis), in September 2019, production in industry was down by 0.6% on the previous month on a price, seasonally and calendar adjusted basis. Economists had expected a 0.4% decrease. In August 2019, the corrected figure shows an increase of 0.4% (primary +0.3%) from July 2019.

In September 2019, production in industry excluding energy and construction was down by 1.3%. Within industry, the production of intermediate goods decreased by 1.3% and the production of capital goods by 1.5%. The production of consumer goods showed a decrease by 0.5%. Outside industry, energy production was up by 2.0% in September 2019 and the production in construction increased by 1.8%.

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