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Industrial production in Germany unexpectedly declined in November

The RSS feed "News line of Forex" 08.01.2019 at 08:38

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Industrial production in Germany fell in November for the third consecutive month, defying expectations for growth amid a sharp drop in production of consumer goods and energy, said in a preliminary report from the Federal statistical office. R>

the Industrial production fell a seasonally adjusted basis and the calendar of 1.9 percent compared with October, when it declined 0.8 percent (-0.5 percent in the initial estimate). Economists were expecting an increase of 0.3 percent. R>

the Production of capital goods fell 1.8 percent and intermediate goods dropped 1 percent. The production of consumer goods decreased by 4.1 percent. R>

energy Production sank 3.1 percent, and construction sector fell by 1.7 percent. p>

excluding energy and construction, industrial production declined by 1.8 percent compared to the previous month. R>

on an annual basis, industrial production fell 4.7 percent in November after rising 0.5 percent in October. Economists had expected a decline of 0.8 percent. P>