German industrial output falls less than expected in October

FILE PHOTO: VW restarts Europe's largest car factory after coronavirus shutdown

BERLIN (Reuters) – German industrial production fell less than expected in October, official data showed on Wednesday, in part dragged down by a decrease in production in energy-intensive industrial sectors.

Industrial output was down 0.1% on the previous month, the Federal Statistical Office said.

In a Reuters poll, analysts had pointed to a 0.6% decrease.

For September, the office revised its figure to 1.1% from a previous 0.6%.

In contrast to the overall industry, production in the energy-intensive industrial branches fell by 3.6% on the month in October.

(Reporting by Miranda Murray, editing by Rachel More/Paul Carrel)

Reuters

Related posts

Pumpkin spice season arrives early at Krispy Kreme in Brick Township

Once popular New Jersey breakfast brand Denny’s selling off restaurants after bankruptcy

Lockheed Martin investors urged to step forward in securities fraud case