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German industrial output falls unexpectedly in January

Reuters  |  BERLIN 

(Reuters) - German industrial output fell unexpectedly in January, data showed on Friday, adding to signs that factories in Europe's largest economy are operating at a slower pace at the start of the year.

Data from the showed output fell by 0.1 percent, confounding expectations in a poll for a 0.5 percent rise.

Separate data published by the showed exports fell unexpectedly by 0.5 percent in January, undershooting a forecast for a 0.3 percent increase.

Imports also declined by 0.5 percent. A poll had forecast an unchanged reading.

The seasonally adjusted trade balance was unchanged at 21.3 billion euros ($26.22 billion), the data showed.

($1 = 0.8122 euros)

(Reporting by Joseph Nasr; Editing by Michelle Martin)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, March 09 2018. 13:38 IST