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BERLIN (Reuters) – German industrial output unexpectedly dipped in August, the data showed on Monday, and the Economy Ministry said production had suffered a weak summer overall.
FILE PHOTO: Employees of German car manufacturer Porsche Porsche factory in Stuttgart-Zuffenhausen, Germany, January 26, 2018. REUTERS / Ralph Orlowski
Data from the survey of industrial output fell 0.3 per cent, compared to 0.4 per cent in Reuters. The fall came after a downwardly revised drop of 1.3 percent in July and was driven by a drop in construction activity.
The ministry said it was one of the reasons why it was slower in the world of auto-pollution.
In the less volatile two-month comparison, production tumbled by 1.8 percent.
The weak read comes after data on Friday, June 30th, 2009 at 10:00 pm.
Other business data shows German business moral holding steady, retail sales falling and growth in the manufacturing sector slowing.
The German government has revised its economic growth forecasts for this year, a source told Reuters on Friday. The government is expected to announce its updated growth projections on Thursday.
Reporting by Michelle Martin, editing by Thomas Escritt
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