Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Industrial production in Germany unexpectedly decreased by 0.4% in October


December, 07 2023
watermark Economic news

In October 2023, the volume of industrial production in Germany decreased by 0.4% compared to the previous month, according to data from the country's Federal Statistical Office Destatis. 


This figure was below the average forecasts of analysts, who expected an increase of 0.2%.


The rapid decline in industrial production has continued in Germany for five consecutive months. It is also worth noting that the data for September were revised: instead of the previously noted decrease of 1.4%, the level of industrial production has now decreased by 1.3%.


Read more by sector: output of capital goods decreased by 1% last month, intermediate goods – by 0.4%, output of consumer goods increased by 0.4%. Separately, it is worth noting a decrease in construction volumes by 2.2% compared to the previous month, while electricity generation increased by 7.1%.


Overall, the volume of industrial production in Germany in October 2023 was 3.5% lower than in October 2022, which indicates the difficulties faced by the industrial sector of this country.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.