German industrial production falls unexpectedly in November
0 Comment(s)
Print
E-mail Xinhua, January 9, 2019
BERLIN, Jan. 8 (Xinhua) -- German industrial production experienced an unexpected decline in November 2018 compared to the previous month, official figures showed on Tuesday.
On a price, seasonally and calendar adjusted basis, the production was down by 1.9 percent, according to primary data published by the Federal Statistical Office (Destatis).
Production in industry excluding energy and construction was down by 1.8 percent in November. Meanwhile, energy production was down by 3.1 percent and the production in construction decreased by 1.7 percent outside industry, Destatis reported.
Germany's Federal Ministry for Economic Affairs and Energy noted in a statement that November's data showed another "weakening."
"Industry continued to ratchet down its production in important industrial sectors," the statement read.
Price-adjusted new orders in November 2018 for Germany's manufacturing industry have decreased 1.0 percent on the previous month, Destatis announced on Monday. Enditem
Go to Forum >>0 Comment(s)