FOREX TradingCharts.com

Financial News: German Industrial Production Declines Unexpectedly In Octo

German Industrial Production Declines Unexpectedly In October

12/07/2017 - 06:58:00 (RTTNews)

(RTTNews) - Germany's industrial production dropped unexpectedly in October driven by weakness across major sectors except energy.

Industrial production fell 1.4 percent month-on-month in October, following a revised 0.9 percent drop in September, data from Destatis showed Thursday.

This was the second straight decline in output. Production was forecast to grow 0.9 percent.

Excluding energy and construction, industrial production decreased 2.0 percent. Energy production advanced 5.1 percent, while construction output decreased 1.3 percent.

Production of capital goods fell 2.7 percent and output of consumer goods dropped 2.6 percent. At the same time, the production of intermediate goods showed a decrease of 1.0 percent.

On a yearly basis, growth in industrial production eased to 2.7 percent from 4.1 percent in September. Economists had forecast a faster growth of 4.3 percent.

Data released on Wednesday revealed an unexpected increase in factory orders in October. Orders had increased 0.5 percent but slower than September's 1.2 percent rise.

Since the trend in orders is clearly pointing upwards, industrial production looks set to increase significantly again in the coming months, Ralph Solveen, a Commerzbank analyst said.

Nonetheless, the weak start into the fourth quarter gives reason to assume that at the end of the year real GDP expanded somewhat more slowly than in the summer, the analyst added.

The economy ministry said favorable order situation and more optimistic business expectations signal continuation of good industrial momentum.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Australia Q3 House Prices Ease 0.2% On Quarter (01 hr(s), 09 min(s), 57 sec(s) ago)
(RTTNews) - Residential property prices in Australia fell 0.2 percent on quarter in the third quar ...Full Story»

Australia Business Confidence Ebbs In November - NAB (01 hr(s), 59 min(s), 57 sec(s) ago)
(RTTNews) - Consumer confidence in Australia slowed in November, the latest survey from National A ...Full Story»

Australia House Prices Slip 0.2% On Quarter In Q3 (02 hr(s), 09 min(s), 57 sec(s) ago)
(RTTNews) - Residential property prices in Australia were down 0.2 percent on quarter in the third ...Full Story»

Japan Producer Prices Rise 0.4% In November (02 hr(s), 39 min(s), 57 sec(s) ago)
(RTTNews) - Producer prices in Japan were up 0.4 percent on month in November, the Bank of Japan s ...Full Story»

ARGENTINA: Rating Upgrade Reflects Reforms, Economic Improvement - Moody's (03 hr(s), 46 min(s), 57 sec(s) ago)
(RTTNews) - Moody's recent rating upgrade of Argentina, to B2 from B3, reflects the Mauricio M ...Full Story»

COLOMBIA: Colcap Rises 1.17% As Ecopetrol Climbs 5.06% (03 hr(s), 51 min(s), 57 sec(s) ago)
(RTTNews) - Colcap, the main index of the Colombian Stock Exchange, was rising 1.17% at 1,466.37 p ...Full Story»

ARGENTINA: Merval Tracks ADRs And Rises 1.72% After Friday Holiday (04 hr(s), 12 min(s), 57 sec(s) ago)
(RTTNews) - Merval, the main index of the Buenos Aires Stock Exchange, closed up 1.72% at 27,304.3 ...Full Story»

Japan Producer Price Data Due On Tuesday (04 hr(s), 24 min(s), 57 sec(s) ago)
(RTTNews) - Japan will on Tuesday release November numbers for producer prices, highlighting a mod ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Australia Q3 House Prices Ease 0.2% On Quarter

12/11/2017 - 20:47 PM (RTTNews)
(RTTNews) - Residential property prices in Australia fell 0.2 percent on quarter in the third quar ...Full Story>>

Australia Business Confidence Ebbs In November - NAB

12/11/2017 - 19:57 PM (RTTNews)
(RTTNews) - Consumer confidence in Australia slowed in November, the latest survey from National A ...Full Story>>

Australia House Prices Slip 0.2% On Quarter In Q3

12/11/2017 - 19:47 PM (RTTNews)
(RTTNews) - Residential property prices in Australia were down 0.2 percent on quarter in the third ...Full Story>>

Japan Producer Prices Rise 0.4% In November

12/11/2017 - 19:17 PM (RTTNews)
(RTTNews) - Producer prices in Japan were up 0.4 percent on month in November, the Bank of Japan s ...Full Story>>

ARGENTINA: Rating Upgrade Reflects Reforms, Economic Improvement - Moody's

12/11/2017 - 18:10 PM (RTTNews)
(RTTNews) - Moody's recent rating upgrade of Argentina, to B2 from B3, reflects the Mauricio M ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.