• German industrial production fell sharply in October

Market news

6 December 2019

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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