POST Online Media Lite Edition



 

German industrial output rebounds and beats forecasts

Staff Writer |
German industrial production rebounded in August from a weak July, as a pickup in manufacturing production made up for a drop in construction output, data from the Economics Ministry showed.

Article continues below






German industrial production - adjusted for seasonal swings and calendar effects -rose 2.5% from the preceding month, beating forecasts. Economists polled by The Wall Street Journal had forecast a 0.8% gain.

But the results should be viewed with caution in light of "an unusual shift in vacation days" over the summer months, the ministry said. "All in all, the results point to a muted increase in industrial production in the third quarter."

August's increase was led by a 3.3% rise in manufacturing output, as capital goods production jumped 4.7% from the preceding month, after dropping 4% in July. But construction activity was weak in August, with output down 1.2% from July.

Compared with August last year, German industrial production was up 1.9%, adjusted for calendar effects.


What to read next

UK industrial production unexpectedly rises in April
Construction boosts German industrial production in March
Italian industrial production races past forecasts in May