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Germany's industrial output rose more than expected in September

November 09, 2018 00:10
source: China Financial Information Network

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According to data released by the German Federal Statistical Office on the 7th, after adjusting for price, season and workday, Germany's industrial output in September increased by 0.2% from the previous month, better than market expectations.

The data shows that Germany's industrial output in September was unchanged from the previous month, excluding energy and construction. In the same month, energy output fell by 3.3% month-on-month, and construction output increased by 2.2% from the previous month.

In addition, industrial output in August was revised from a 0.3% decline in the initial value to a final value of 0.1%.

Tes Petersen, an economist at the Bertelsmann Foundation in Germany, told Xinhua News Agency that he was not very optimistic about industrial output in the fourth quarter, despite the increase in industrial output in September. He believes that trade protectionism, Britain's "Brexit" and other external factors will have a certain impact on the German economy.

The German economic forecast released by the German Ministry of Economic Affairs lowered the forecast for Germany's economic growth this year and next. The report said that the German economy will grow by 1.8% this year and next year, significantly lower than the previous growth expectations of 2.3% and 2.1%.

(Article source: China Financial Information Network)

                (Editor: DF120)

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