Germany’s industrial production decreased unexpectedly in September, data from Destatis revealed Friday.
Industrial production declined 1.1 percent in September from August, when it fell by revised 0.6 percent. Economists had forecast a 0.5 percent increase.
Production in industry excluding energy and construction declined 1.4 percent. Energy production gained 0.3 percent on the previous month, while production in construction fell 0.9 percent.
Within total industry, the production of capital goods dropped 1.4 percent and that of intermediate goods by 0.4 percent and output of consumer goods by 3.2 percent.
The material has been provided by InstaForex Company – www.instaforex.com