Percorso:ANSA > Nuova Europa > Business > German industrial output drops more than expected

German industrial output drops more than expected

Fourth consecutive monthly fall

07 November, 15:17

(ANSA-AFP) - FRANKFURT AM MAIN, NOV 7 - German industrial output showed a bigger slump than expected in September, official data showed Tuesday, in signs that Europe's biggest economy is struggling to emerge from a slowdown. Output slipped by 1.4 percent on the month before to reach the lowest level since August 2020. The fourth consecutive monthly fall was also steeper than the 0.3 percent dip forecast by analysts polled by financial data firm FactSet. Worryingly for Germany, the crucial automotive and auto supplier industry recorded a sharp drop of five percent. However, machine manufacturing gained 4.1 percent, while the energy-intensive chemicals sector also eked out a 0.9 percent growth. (ANSA-AFP).
   

© Copyright ANSA - All rights reserved