Tags: Germany | Economy | Industrial | Production

German Industrial Production Drops in September

Thursday, 07 Nov 2013 10:09 AM

Industrial production in Germany lost momentum in September across most sectors, but analysts say the drop should be short-lived.

The Federal Statistical Office reported Thursday that production of big-ticket items dropped 0.9 percent in September after an upwardly-revised 1.6 percent increase in August.

The agency said the drop was led by a 2.1 percent decline in the production of capital goods and a 1.8 percent drop in the construction sector.

ING economist Carsten Brzeski said the drop should be a "one-off rather than the start of a new trend," noting that industrial orders are on the rise and that industrial production remains up 1 percent on the year.

He says that "in the coming months, the industry should continue its comeback as the backbone of the German economy."

© Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
1Like our page
2Share
Markets
Industrial production in Germany lost momentum in September across most sectors, but analysts say the drop should be short-lived.The Federal Statistical Office reported Thursday that production of big-ticket items dropped 0.9 percent in September after an upwardly-revised...
Germany,Economy,Industrial,Production
128
2013-09-07
Thursday, 07 Nov 2013 10:09 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved