German industry output contracted 0.6 percent


The production of German industry fell by 0.6 percent in September compared to the previous month. The German Federal Statistical Office reported this.

Economists counted on average at a decrease of 0.4 percent. In August, industrial production in Germany increased by a revised 0.4 percent. On an annual basis, production in German industry fell by 4.3 percent in September, after a decrease of 3.9 percent in the previous month.

In a reaction to the figure, ING economist Carsten Brzeski writes that there is a disappointment for German industry, after it appeared on Wednesday that factory orders had risen sharply in September. However, the economist points to the increased activity in the German construction sector.

By: Leah Kunze

Leah Kunze just graduated MBA and is proud of it. She is interested in automotive industry and innovations. She well be glad to receive a mail to

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