German industrial output falls in August

Berlin, Oct 7 (IANS) German industrial output fell in August, official data showed on Wednesday, one day after reports that the country’s industrial new orders slumped for two months in a row.

Compared with the previous month, German industrial output decreased by 1.2 percent in August, following a monthly increase of 1.2 percent in July, Xinhua quoted German federal statistical office Destatis as saying.

Economists had expected the output to inch upward by 0.2 percent in August.

According to Destatis, the drop was led by production of capital goods such as machine and equipment which fell by 2.1 percent.

“The unfavourable configuration of vacation days has significantly contributed to the decline in production,” the German Economy Ministry said in a statement.

In a less volatile three-month comparison, the average industrial production in the past three months increased slightly by 0.2 percent.

The output data came one day after reports that new orders received by German factories fell for second consecutive month in August by 1.8 percent due to weak demand from home market and countries outside the euro zone.

The ministry, however, predicted that German industrial activity remained “moderately positive” thanks to robust business confidence and export development.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of or any employee thereof. is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here