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Germany’s industrial output rises less than expected in October

by ChemOrbis Editorial Team -
  • 07/12/2015 (12:20)
According to data released by Germany’s Ministry of Economics, the country’s industrial output advanced 0.2% after adjusting for seasonal swings and inflation in October from a month earlier, missing Wall Street Journal economists’ forecasts calling for a gain of 0.5%. Lower energy production, which partially offset gains in manufacturing and construction, was cited as main the reason for the smaller than expected increase.

Germany’s manufacturing output and construction both rose 0.7% from September while energy production slid 5.9%. According to the ministry, the country’s manufacturing orders increased 1.8% on the month in October due to a rise of 2.4% in demand in the eurozone.
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