Economic Indicators

Industrial production in Germany fell in October

2022.12.07 02:40

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Industrial production in Germany fell in October

Budrigannews.com – According to official data released on Wednesday, German industrial production in October decreased less than anticipated. This decrease was, in part, caused by a decrease in production in energy-intensive industrial sectors.

According to the Federal Statistical Office, industrial output decreased by 1% from the previous month.

Analysts had predicted a 0.6% decrease in a Reuters poll.

The office increased its figure for September from 0.6% to 1.1%.

In contrast to the industry as a whole, energy-intensive industrial branches saw a 3.6% decrease in October production.

Industrial production in Germany fell in October

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