Germany October industrial production -0.4% vs +0.2% m/m expected

  • Latest data released by Destatis - 7 December 2023
  • Prior -1.4%; revised to -1.3%

German factory output declined once more with a notable miss on estimates, owing mostly to the performance of the “manufacture of machinery and equipment” sector. Output was down by 6.3% on the month in itself there but there were also declines in many other sectors, including construction in October.

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