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German factory output falls below estimates in Sept

by ChemOrbis Editorial Team -
  • 07/11/2014 (13:10)
According to media reports, Germany’s factory output posted an increase in September. The country’s industry production increased 1.4% in September after posting a decrease of 3.1% in August. Initial estimates called for an increase of 2% in a survey conducted by Bloomberg.

The country’s manufacturing output increased 1.7% while exports rose 5.5% month over month in September, the biggest increase since May 2010.

Meanwhile, the European Commission expects the German economy to grow by 1.1% in 2015, down from the previous expectation of 2% growth based on the Commission’s May forecasts. The Commission added that the German economy is expected to grow by 1.8% in 2016.
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